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Banks Act, 1990: Designation of institution of which activities do not fall within meaning of 'The Business of a Bank': Ithala Limited a wholly owned subsidiary of Ithala Development Finance Corporation Limited (Gazette 36103, Regulation 58)

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Banks Act, 1990: Designation of institution of which activities do not fall within meaning of 'The Business of a Bank': Ithala Limited a wholly owned subsidiary of Ithala Development Finance Corporation Limited (Gazette 36103, Regulation 58)

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Under paragraph (cc) of the definition of "the business of a bank", in section 1(1) of the Banks Act, 1990 (Act No. 94 of 1990), I, Pravin Jamnadas Gordhan, Minister of Finance, hereby designate, for the period commencing 1 January 2013 and expiring on 31 December 2013, and subject to the conditions set out in paragraph 3 of the Schedule, an institution specified in paragraph 2 of the Schedule as an institution of which the activities do not fall within the meaning of "the business of a bank".

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