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South
Africa
NATIONAL LEGISLATION OVERVIEWS
NATIONAL LEGISLATION OVERVIEWS
South African Reserve Bank Act,
No. 90 of 1989
Long title
To consolidate the laws relating to the South African Reserve Bank and the monetary system of the Republic; and to provide for matters connected therewith
Table of contents
Legislation Text Access Point
Long title
To consolidate the laws relating to the South African Reserve Bank and the monetary system of the Republic; and to provide for matters connected therewith
Table of contents
| SECTION | TITLE |
| TABLE OF CONTENTS |
|
| 1. | Definitions |
| 2. | South African Reserve Bank a juristic person |
| 3. | Primary objective of Bank |
| 4. | Board of directors |
| 4A. | Functions and powers of Board [...inserted by Act 2010_004_003] |
| 5. | Tenure and conditions of office of directors |
| 6. | Casual vacancies |
| 7. | Procedure and quorum |
| 8. | Delegation of powers |
| 9. | Validity of Board's decisions and acts |
| 10. | Powers and duties of Bank |
| 10A. | Maintenance by banks of minimum reserve balances in accounts with Bank [...inserted by Act 1993_010_004_19990310] |
| 11. | Appointment of inspectors |
| 12. | Inspection of affairs of person, partnership, close corporation, company or other juristic person not registered as bank or mutual bank |
| 13. | Prohibited business |
| 14. | Issue of banknotes and coins |
| 15. | Monetary unit |
| 16. | Denominations, material, standard mass and standard fineness of coins |
| 17. | Legal tender |
| 18. | References to amounts in terms of coins issued under Coinage Act, 1922 |
| 19. | Powers of Minister in respect of coins |
| 20. | Bank exempt from tax on banknotes |
| 21. | Share capital of Bank |
| 22. | Restriction of right to hold or acquire shares in Bank |
| 23. | Votes |
| 24. | Allocation of surplus |
| 25. | Statutory price of gold and Gold Price Adjustment Account |
| 26. | Foreign Exchange Adjustment Account |
| 27. | Forward Exchange Contracts Adjustment Account |
| 28. | Gold and Foreign Exchange Contingency Reserve Account |
| 29. | Returns in connection with and auditing of certain amounts |
| 30. | Audit and inspection |
| 31. | Report by Governor |
| 32. | Furnishing of information to Department of Finance and to Parliament |
| 33. | Preservation of secrecy |
| 34. | Offences and penalties |
| 35. | Rules by Board |
| 36. | Regulations |
| 37. | Proceedings by Minister in case of non-compliance with Act or regulations by Bank |
| 38. | Liquidation |
| 39. | ... [... repealed by Act 1996_002_011_19960315] |
| 40. | Repeal of laws, and savings |
| 41. | Short title and commencement |
| Sch. 1. | SCHEDULE 1. SOUTH AFRICAN RESERVE BANK |
| Sch. 2. | SCHEDULE 2. |
| Sch. 3. | SCHEDULE 3. LAWS REPEALED |
Legislation Text Access Point
| Versions [To check whether a version has commenced, and how it was commenced, please see the Timeline for the Act, and the Annotated Text for the version.] NOTE: Amendments to Sch2 by Notice are not listed here - see DocList |
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| As unamended Act 1989_090_000_19890614 | EXT.LINK | REQ.INFO | LINK |
| As amended by Act 1991_051_000_19910429 . | N/A | REQ.INFO | LINK |
| As amended by Act 1992_085_000_19920701 . | N/A | REQ.INFO | LINK |
| As amended by Act 1993_010_000_19930310 . | N/A | REQ.INFO | LINK |
| As amended by Act 1993_129_000_19930723 . | N/A | REQ.INFO | LINK |
| As amended by Notice 1989_090_016_19940506_15729_0000_0911 iro Sch2 . | N/A | REQ.INFO | LINK |
| As amended by Act 1996_002_000_19960315 . | N/A | REQ.INFO | LINK |
| As amended by Notice 1989_090_016_19970329_17897_0000_0500 iro Sch2 . | N/A | REQ.INFO | LINK |
| As amended by Act 1997_039_000_19971003 . | |||
| As amended by Act 2000_057_000_20001206 . | N/A | REQ.INFO | LINK |
| As amended by Act 2003_012_000_20030531 . | N/A | REQ.INFO | LINK |
| As amended by Not 1989_090_016_20040730_26588_0000_0855 iro Sch2 . | N/A | REQ.INFO | LINK |
| As amended by Act 2010_004_000_20100909 . | N/A | REQ.INFO | LINK |
| As amended by Act 2013_045_000_20140116 . | N/A | REQ.INFO | LINK |
| As amended by Act 2017_009_000_20170822 . | N/A | REQ.INFO | LINK |
| As amended by Act 2021_023_000_20220128 . | N/A | REQ.INFO | LINK |
| As amended by ... | N/A | REQ.INFO | LINK |
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