The purpose of the Banks Act is to provide for the regulation and supervision of the business of public companies taking deposits from the public; and to provide for matters connected therewith.
Office for Banks
For the registration as banks of public companies desiring to conduct the business of a bank and for the other purposes of this Act there shall, as part of the Reserve Bank, be an office in Pretoria called the Office for Banks, and at the head of such office shall be a person to be styled the Registrar of Banks.
Source: SABINET
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