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 South African Reserve Bank to forfeit USD 194,093.00 held in a Capitec Bank account in the name of Excelcor Global (Pty) Limited. It states that the money is to be deposited into the National Revenue Fund and that the notice also serves as a written order under Exchange Control Regulation 22B.
This appears to concern a forfeiture notice involving a named company and a specific bank account, and may be relevant to parties tracking exchange control notices.
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 USD194 093.00
Supports: Summary sentence 1
held with Capitec Bank Limited, standing to the credit of the respondent, together with any interest thereon and/or other accrual thereto; and
Supports: Summary sentence 1
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: Summary sentence 2