This is an AI-generated summary of a selected monitored public legal source and may omit context. It is general information only, not legal advice, and is not a substitute for reading the source or consulting an attorney.
AI summary
The notice records a decision by the Deputy Governor of the South African Reserve Bank to forfeit R80 215.18 held in a Nedbank account in the name of Econo Trading (Pty) Limited. It also states that the money is to be deposited to the National Revenue Fund and that the notice serves as a written order under Exchange Control Regulation 22B.
This appears to concern the forfeiture of funds linked to a named company and may be relevant to exchange control and banking stakeholders.
Evidence from source
I hereby give notice of a decision to forfeit to the State the following money and I hereby declare and order forfeit to the State the following money, namely: 2.1 the amount of R80 215.18
Supports: plain_summary sentence 1
The money specified in 2 above shall be disposed of by deposit thereof to the National Revenue Fund.
Supports: plain_summary sentence 2
This Notice also constitutes a written order, as contemplated in Exchange Control Regulation 22B, in terms of which the money specified in 2 above is hereby forfeited to the State.
Supports: plain_summary sentence 2