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Website. resbank.co.za. 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. The SARB was only the fourth central ...
Consumer price index (South Africa) 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.
None. 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.
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
A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years away, a senior central bank official said. However, regulation ...
Lesetja Kganyago. 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] He assumed the Governorship of the South ...
The South African Bank Note Company was established in 1958 as a result of a decision by the South African Government to print South African currency locally. [1] The South African Reserve Bank formed a joint venture with Bradbury Wilkinson and Company and commenced production from a factory in Pretoria. Bradbury Wilkinson and Company's ...
In 1999, he joined the South African Reserve Bank. In 2009, he was appointed as deputy governor responsible for financial markets and international economic relations. [1] Mminele served as chief executive officer of Absa Group from 15 January 2020 until 20 April 2021 being the first person of African descent to serve in at role. [3] [4]