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, through the Deputy Governor, to forfeit to the State R1 271 696.21 standing to the credit of Pabitha Trading Group (Pty) Limited in an Absa Bank suspense account. It says the amount, together with any interest or accrual, is to be deposited into the National Revenue Fund. The notice is signed at Pretoria on 31 July 2026 and published in the Gazette on 3 August 2026.
This appears to concern the forfeiture of a specific company account under exchange control provisions.
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, namely: 2.1 An amount of R1 271 696.21
Supports: plain_summary sentence 1
together with any interest thereon and/or other accrual thereto, held in suspense account number 299000486 at Absa Bank Limited.
Supports: plain_summary sentence 1 and 2
The money specified in 2 above shall be disposed of by deposit thereof to the National Revenue Fund.
Supports: plain_summary sentence 2