National Payment System Act, 1998 (Act No. 78 of 1998)NoticesDesignation of Retail Assist (Pty) Limited3. Designation |
| 3.1 | The SARB has considered the applicable provisions of the NPS Act, and deems it to be in the interest of the integrity, effectiveness, efficiency and safety of the NPS to designate Retail Assist as a clearing system participant. |
| 3.2 | Therefore, I, Mr E L Kganyago, Governor of the SARB, hereby, with effect from 1 June 2020: |
| 3.2.1 | designate Retail Assist as a clearing system participant in terms of section 6(3)(a) of the NPS Act, subject to the conditions listed under heading 4 below; and |
| 3.2.2 | confirm, in terms of section 6(3)(a)(ii) of the NPS Act, that the SARB’s settlement system participant associated with the designated clearing system participant is the Standard Bank of South Africa Limited (Standard Bank). |