NASASA SRO operates under Government Notice 620 in Gazette 37903 on 15 August 2014. This notice is available on the National Treasury website: https://www.treasury.gov.za/coopbank/supervisory%20CFIs
/BankActExemptionNotices/35368.pdf; as well as the South African Reserve Bank website: https://www.resbank.co.za/content/dam/sarb/publications/prudential-authority/pa-public-awareness/self-regulatory-stokvel-bodies/NASASA%20and%20NSBSA%20for%202022.pdf

SOUTH AFRICAN RESERVE BANK No.620 15 August 2014

Designation of an activity not falling within the meaning of “The Business of a Bank” (A group of persons between the members of which exists a common bond)

Article 3 (Conditions), Section (b)

(b) Incase of stokvels, they shall be a member of a self-regulatory body approved by the Registrar of Banks in writing, which names may be listed on the official website of the South African Reserve Bank. Such bodies must issue a certificate of registration to its members. Stokvels that do not at any time hold contributions from members amounting in the aggregate to more than R100 000 need not register with such bodies;