1. No. It is a Paymaster - General account which is held at the South African Reserve Bank in terms of Treasury Regulation 15.2.1. The Paymaster - General account is the bank account operated by the particular government department or entity. This bank account will reflect all amounts received and paid by the particular government department or entity.
2. The net position of all the Paymaster-General accounts are funded to zero on a daily basis.
3. No. See (2) above.