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Latest News

SARB advise submission to National Treasury

The SA Reserve Bank advised that the request for Local Asset status of PurePlay® Instruments has been submitted to National Treasury for approval.

Briefing Senior Counsel on Sale Opinion

The PurePlay legal team today briefed Senior Counsel on the Opinion required for the sale of unmined minerals as requested by SARS and National Treasury. All the technical aspects were dealt with and Peter Dawe, the leader of the legal team, advised that he is confident that the sale is legally sound but expects that the question will be thoroughly investigated before Senior Counsel will give an Opinion.  

SARS and National Treasury ask for a Senior Counsel Opinion for VAT approval

The SA VAT treatment of PurePlay® Instruments needed confirmation from SARS that the trading in PurePlay Instruments will not attract VAT. SA Revenue Services (SARS) requested a Senior Counsel Opinion on the legal status of the sale of unmined minerals. The PurePlay legal team has set the process in motion for early next year after the December recess.  

Submission to the SA Reserve Bank

PurePlay Holdings together with the 1st potential issuer have requested SA Reserve Bank approval for the listing of the 1st PurePlay Gold Notes on the Johannesburg Stock Exchange to be classified as a “Local Asset” for South African institutional Investors. The minerals being sold are SA minerals but all minerals are classified by SARB as international assets due to their international pricing.

PurePlay Notes - Negotiations Start

We have entered into sensitive negotiations with a number of issuers of and Investors in PurePlay Notes. These negotiations further involve third parties, market development & support entities and regulatory authorities. The result is that we will now discontinue the news updates until all regulatory and sensitive processes are complete. We will resume news items when we are ready for placing activity.

Mandate from First Potential Issuer

PurePlay Holdings has reached a significant milestone with achievement of a Mandate from its first potential Issuer. We still have a number of outstanding conditions to comply with said Peter Dawe, executive director of PurePlay Holdings but the way is now open to focus on implementation of the project. Detailed information will be released once the process has achieved greater finality.

Patents and Trade Marks

The Intellectual Property of PurePlay Holdings (Pty) Ltd is protected by world-wide pending Patents.

Trademarks awaiting registration are PurePlay™, Nature’s Vault™, As Good as Gold™ and Sp☼t True Value™.

Contact Details

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Durban, 3610,South Africa

Tel: +27 31 7670156
Cell: +27 82 4515864