General Notice No. 195 of 2021

Currency and Exchanges Act (9/1933), as amended » Notice and Order of Forfeiture » Record Time Trading...

Title	Currency and Exchanges Act (9/1933), as amended » Notice and Order of Forfeiture » Record Time Trading 103 Close Corporation
Department	South African Reserve Bank
Gazette	National Gazettes, No. 44435 of 09 April, 2021, 2 page(s), 141Kb

STAATSKOERANT, 9 ApRil 2021                         No. 44435    3

SOUTH AFRICAN RESERVE BANK

NOTICE  195 OF 2021
                                                 Notice         of 2021
                                          Notice and Order of Forfeiture

Notice of Forfeiture to the State of money in terms of the provisions of Exchange Control Regulation 22B
            made under Section 9 of the Currency and Exchanges Act, 1933 (Act No. 9 of 1933), as amended, as
            promulgated by Government Notice No. R.1111 of 1961-12-01 in respect of the money of:

Record Time Trading 103 Close Corporation
                  (registration number: 2004/030708/23)                               (the Respondent)
            of:

18 Natal Street
                  Paarden Eiland
                  Cape Town
                  7441
            Be pleased to take notice that:

1.  The Minister of Finance has, by virtue of the provisions of Exchange Control Regulation 22E
                     delegated all the functions and/or powers conferred upon the Treasury by the provisions of the
                     Exchange Control Regulations [with the exception of the functions and/or powers conferred upon
                      the Treasury by Exchange Control Regulations 3(5) and (8), 20 and 22, but which exception does
                      not include the functions and/or powers under Exchange Control Regulations 22A, 22B, 22C and
                      22D], and assigned the duties imposed thereunder on the Treasury, to, inter alia, the Governor or
                      the Deputy Governor of the South African Reserve Bank.

2.  By virtue of the functions, powers and/or duties vested in me, in my capacity as the Deputy
                      Governor of the South African Reserve Bank, in terms of the delegation and assignment of the
                      functions, powers and/or duties referred to in 1 above, I hereby give notice of a decision to forfeit
                      to the State the following money and I hereby declare and order forfeit to the State the following
                      money, namely:

2.1 the amount of R14 645 789.91 standing to the credit of the Respondent, in account number
                         1092099727 held with Nedbank Limited, together with any interest thereon or any other
                         accrual thereto.

3.  The date upon which the money specified in 2 above is hereby forfeited to the State is the date
                      upon which this Notice of Forfeiture is published in this Gazette.

4.  The money specified in 2 above shall be disposed of by deposit thereof to the National Revenue
                      Fund.

5.  This Notice also constitutes a written order, as contemplated in Exchange Control Regulation 22B,
                      in terms of which the money specified in 2 above is hereby forfeited to the State.

6. Signed at Pretoria on this   8th          day of        April              2021.

K Naidoo Naidoo
            K
            Deputy Governor
            Deputy Governor
            South African Reserve Bank

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General Notice No. 195 of 2021

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