The South African Reserve Bank (SARB) welcomes the judgment passed in the Western Cape High Court, regarding the Net Income Solutions scheme. In terms of the provisions of the Banks Act any person suspected of taking deposits from members of the general public may be investigated by inspectors appointed by the SARB. Furthermore, in terms of the provisions of the Banks Act any person taking deposits from the general public in contravention of the Banks Act may be guilty of an offence and may be prosecuted.  Criminal offences are reported to and investigated by the South African Police Service (“SAPS”) and perpetrators are prosecuted by the National Prosecuting Authority (“NPA”) in a competent court of law. The Office of the Registrar of Banks has no powers to perform such functions and merely assists the above-mentioned authorities if and when requested or required to do so. Enquiries:Hlengani MathebulaHead: Group Strategy and CommunicationsTel: +27 12 313 4210Cell: +27 82 448 9219