South Africa Act or statute

Parliament of the Republic of South Africa

Gold and Foreign Exchange Contingency Reserve Account Defrayal Amendment Act, 2024

budget chargesgovernment reporting

Jurisdiction: South Africa
Structure: 1 provisions
Official identity: Year 2024 · Number 27
Dates: Assented 11 Jun 2024 · Commencement date not stated · Consolidation date not stated · Effective date not stated · Enactment date not stated · Expiry date not stated · Published 13 Jun 2024 · Repeal date not stated · Source version date not stated

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Dates: Assented 11 Jun 2024 · Commencement date not stated · Consolidation date not stated · Effective date not stated · Enactment date not stated · Expiry date not stated · Published 13 Jun 2024 · Repeal date not stated · Source version date not stated

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“Vol. 708 Cape Town Kaapstad 13 June 2024 No. 50814 The PresidenCy 13 June 2024 13 Junie 2024 iSSN 1682-5845 5 0 8 1 4 9 7 7 1 6 8 2 5 8 4 0 0 3 curethe is Prevention 0800-0123-22 HELPLINE: AIDS REPUBLIC OF SOUTH AFRICAGovernment GazetteNo.”

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Assented 11 Jun 2024 · Commencement date not stated · Consolidation date not stated · Effective date not stated · Enactment date not stated · Expiry date not stated · Published 13 Jun 2024 · Repeal date not stated · Source version date not stated. The date shown identifies this source expression and should not be treated as proof that no later change exists.
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Source record from www.parliament.gov.za · Assented 11 Jun 2024 · Commencement date not stated · Consolidation date not stated · Effective date not stated · Enactment date not stated · Expiry date not stated · Published 13 Jun 2024 · Repeal date not stated · Source version date not stated

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Vol. 708 Cape Town Kaapstad 13 June 2024 No. 50814 The PresidenCy 13 June 2024 13 Junie 2024 iSSN 1682-5845 5 0 8 1 4 9 7 7 1 6 8 2 5 8 4 0 0 3 curethe is Prevention 0800-0123-22 HELPLINE: AIDS REPUBLIC OF SOUTH AFRICAGovernment GazetteNo. 4964No. 4964Ngalokhu kwaziswa ukuthi uMongameli usewuvumile loMthetho nosewuzoshicilelelwa umphakathi:—IHHOVISI LIKAMONGAMELI It is hereby notified that the President has assented to the following Act, which is hereby published for general information:—Act No. 27 of 2024: Gold and Foreign Exchange Contingency Reserve Account Defrayal Amendment Act, 2024No. 27 Ka 2024: Umthetho-sihlomelo we-akhawunti egcinelwe okungehla kwigolide norhwebo-mali namanye amazwe, 2024 2 No. 50814 GOVERNMENT GAZETTE, 13 JuNE 2024 Act no. 27 of 2024 Gold and Foreign Exchange Contingency Reserve Account Defrayal Amendment Act, 2024 GENERAL EXPLANATORY NOTE: 2 [ ] Words in bold type in square brackets indicate omissions from existing enactments. Words underlined with a solid line indicate insertions in existing enactments. (English text signed by the President) (Assented to 11 June 2024) ACT To amend the Gold and Foreign Exchange Contingency Reserve Account Defrayal Act, 2003, so as to provide for direct charges against the National Revenue Fund for the requirements of the South African Reserve Bank and reporting thereof; and to provide for matters incidental thereto. BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:— Insertion of section 2A in Act 4 of 2003 1. The following section is hereby inserted after section 2 of the Gold and Foreign Exchange Contingency Reserve Account Defrayal Act, 2003 (Act No. 4 of 2003): 5 ‘‘Direct charges for requirements of South African Reserve Bank 2A. (1) A net amount of R100 billion, credited to the National Revenue Fund from the Gold and Foreign Exchange Contingency Reserve Account in the 2024/25 ﬁnancial year, following an agreement between the National Treasury and the South African Reserve Bank, as envisaged in section 28(2)(b) of the South African Reserve Bank Act, 1989 (Act No. 90 of 1989), is a direct charge for the 2024/25 ﬁnancial year against the National Revenue Fund for the contingency reserve requirements of the South African Reserve Bank and must be attributed to the vote of National Treasury. (2) An amount, credited to the National Revenue Fund from the Gold and Foreign Exchange Contingency Reserve Account in any ﬁnancial year following the 2024/25 ﬁnancial year, as provided for in the agreement contemplated in subsection (1), is a direct charge for the ﬁnancial year against the National Revenue Fund for the contingency reserve require- ments of the South African Reserve Bank and must be attributed to the vote of National Treasury. (3) A direct charge in terms of subsection (1) or (2), must be disclosed in the National Treasury’s next quarterly report to the Standing Committee on Appropriations of the National Assembly and the Select Committee on Appropriations of the National Council of Provinces.’’. 10 15 20 25 This gazette is also available free online at www.gpwonline.co.za umthetho-sihlomelo we-akhawunti egcinelwe okungehla kwigolide norhwebo-mali namanye amazwe, 2024 no. 27 Ka 2024 STAATSKOERANT, 13 JuNiE 2024 No. 50814 3 UMHLATHANA WENGCACISO: 3 [ ] Amagama agqamileyo abiyelwe ngezibiyeli ezizikwere abonisa amagama atshintshiweyo kulawo wokuqala. Amagama akrwelelwe umgca ngaphantsi ngomgca ongqindilili abonisa izinto ezifakelweyo kuleyo ibikhona. (English text signed by the President) (Assented to 11 June 2024) UMTHETHO uMthetho we-Akhawunti Ukuhlomela kwiGolide noRhwebo-Mali namanye Amazwe, ka-2003, ukuze kunikezwe iindleko ezizizo nguNongxowa weSizwe ngeemfuno zeBhanki enguVimba yoMzantsi Afrika nokunikeza ingxelo ke ngoko; kwakunye nokunika imiba engenelelayo apho. okuNgehla eGcinelwe UKUBA ZENZIWE yiPalamente yeRiphabliki yoMzantsi Afrika, ngolu hlobo lulandelayo:— Ukufakelwa kwesolotya 2A kuMthetho 4 ka-2003 1. Eli solotya lilandelayo lithe ke ngoko lafakelwa emva kwesolotya 2 loMthetho we-Akhawunti eGcinelwe okuNgehla kwiGolide noRhwebo-Mali namanye Amazwe, ka-2003 (uMthetho No. 4 ka-2003): 5 ‘‘Iindleko ezithe ngqo zemfuno yeBhanki enguVimba yoMzantsi Afrika (1) 2A. Ingeniso-mali eyi-R100 billion, ethe yanikwa iNgxowa yeSizwe esuka kwi-akhawunti uMthetho we-Akhawunti eGcinelwe okuNgehla kwiGolide noRhwebo-Mali namanye Amazwe ngonyaka-mali ka-2024/25, ngokulandela isivumelwano esiphakathi kukaNongxowa weSizwe kunye neBhanki enguVimba yoMzantsi Afrika, nanjengoko kudakaciwe kwisolotya 28(2)(b) enguVimba yoMzantsi Afrika, ka-1989 (uMthetho No. 90 ka-1989), njengeendleko ezithe ngqo zonyaka-mali ka-2024/25 ngokuchasene neNgxowa yeSizwe ngeemfuno enguVimba yoMzantsi Afrika kwaye kumele zinikelwe kunyulo lukaNongxowa weSizwe. loMthetho weBhanki zengxowa-mali eselugcinweni zeBhanki (2) Umyinge wemali, onikwe iNgxowa yeSizwe osuka kwi-akhawunti eGcinelwe okuNgehla kwiGolide noRhwebo-Mali namanye Amazwe kuwo nakowuphi na unyaka-mali olandela u-2024/25, nanjengoko oku kudakaciwe kwisivumelwano esikwisolotyana ziindleko ngqo zonyaka-mali ochasene neemfuno zobeko lwemali ecaleni kwiNgxowa yeSizwe ngenxa yeemfuno nemiqathango yeBhanki enguVimba yoMzantsi Afrika kwaye kumele zinikelwe kunyulo lukaNongxowa weSizwe. (1), zibonakale (3) Iindleko ezithe ngqo ngokwemimiselo ekwisolotyana (1) okanye (2), ezokwenziwa kumele esisiGxina kuLwabiwo nguNongxowa weSizwe lweBhunga leSizwe kwakunye nakwiKomiti eKhethiweyo yoLwabiwo lweBhunga leSizwe lamaPhondo.’’. elandelayo kwingxelo eyenzela iKomiti yekota 10 15 20 25 30 This gazette is also available free online at www.gpwonline.co.za 4 No. 50814 GOVERNMENT GAZETTE, 13 JuNE 2024 Act no. 27 of 2024 Gold and Foreign Exchange Contingency Reserve Account Defrayal Amendment Act, 2024 Short title 4 2. This Act is called the Gold and Foreign Exchange Contingency Reserve Account Defrayal Amendment Act, 2024. This gazette is also available free online at www.gpwonline.co.za umthetho-sihlomelo we-akhawunti egcinelwe okungehla kwigolide norhwebo-mali namanye amazwe, 2024 no. 27 Ka 2024 STAATSKOERANT, 13 JuNiE 2024 No. 50814 5 Isihloko esifutshane 5 2. Lo Mthetho ubizwa ngokuba nguMthetho-Sihlomelo we-Akhawunti eGcinelwe okuNgehla kwiGolide noRhwebo-Mali namanye Amazwe, ka-2024. This gazette is also available free online at www.gpwonline.co.za 6 No. 50814 GOVERNMENT GAZETTE, 13 JuNE 2024 This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 13 JuNiE 2024 No. 50814 7 This gazette is also available free online at www.gpwonline.co.za 8 No. 50814 GOVERNMENT GAZETTE, 13 JuNE 2024 This gazette is also available free online at www.gpwonline.co.zaPrinted by and obtainable from the Government Printer, Bosman Street, Private Bag X85, Pretoria, 0001Contact Centre Tel: 012-748 6200. eMail: info.egazette@gpw.gov.zaPublications: Tel: (012) 748 6053, 748 6061, 748 6065

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Gold and Foreign Exchange Contingency Reserve Account Defrayal Act, 2003
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