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South Africa
NATIONAL LEGISLATION OVERVIEWS
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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

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 repealed by Act 1996_002_011_19960315]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 LAWS REPEALED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
Access Official Gazette PDF  Request Subscription Fee Subscriber Access
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/AREQ.INFOLINK
As amended by ... N/A REQ.INFO LINK

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