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2001-04-10: Statement issued by the Registrar of Banks
Published Date:
2001-04-10
Last Modified Date:
2020-10-08, 08:15 PM
Category:
Media > Media Releases
The Registrar of Banks ("the Registrar"), being the official regulator of banks in the Republic of South Africa, in terms of the Bank Act, 1990 (Act No. 94 of 1990 – "the Banks Act"), wishes to make the following statement:The registration as a bank and bank controlling company, respectively, of Southern Bank of Africa Limited ("Southern Bank") and Southern Bank of Africa Investment Holdings Limited were cancelled on 4 April 2001.The effect thereof is that Southern Bank must forthwith repay all monies due to members of the public in respect of deposits accepted while Southern Bank was registered as a bank. Registrar of Banks