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The South African Reserve Bank (SARB) is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial conditions which World War I had brought.
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
Lesetja Kganyago (born 7 October 1965) is a South African economist and central banker. He is the Governor of the South African Reserve Bank (SARB). [1] He was appointed to that post on 6 October 2014, by Jacob Zuma, the former President of the Republic of South Africa (RSA). [2]
Gill Marcus (born 10 August 1949) is a South African banker and politician who served as Governor of the South African Reserve Bank from 2009 to 2014. She was the first and only woman and the ninth person to hold the position.
Banking in South Africa is centred on the South African Reserve Bank (SARB), which is the monetary authority and controls gold and foreign exchange reserves. [ 1 ] Legislation and regulatory authorities
Nomfundo Tshazibana (born c. 1977), commonly known as Fundi Tshazibana, is a South African economist, who serves Deputy Governor of the South African Reserve Bank from 10 July 2019. Immediately prior to her appointment to that position, she served as an adviser to the Governor of the bank, since 10 February 2018. [1]
The consumer price index (CPI) is the official measure of inflation in South Africa.One variant, the consumer price index excluding mortgage costs (CPIX), is officially targeted by the South African Reserve Bank [1] and a primary measure that determines national interest rates.
While the formal arrangements date back to 1974, they ultimately stem from informal arrangements spanning back to prior to the formation of the Union of South Africa in 1910 and when the South African Reserve Bank was formed in 1921, the South African pound became the sole circulating legal tender in the territories that today form the CMA ...