Tags South african reserve bank

Tag: south african reserve bank

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South Africa’s financial sector

South Africa's financial services sector, backed by a sound regulatory and legal framework, is sound and sophisticated, boasting dozens of domestic and foreign institutions providing a full range of services.
SARB

South African Reserve Bank

The Reserve Bank and the National Treasury form the monetary authority in South Africa. The Bank has a significant degree of autonomy in terms of SA's Constitution, although it holds regular consultations with the minister of finance.

South African economy well positioned to recover from current slowdown

Brand South Africa notes the statement by the South African Chamber of Commerce and Industry that the country’s Business Confidence Index has fallen to its lowest level since 1993.

South Africa – the third biggest source of FDI on the continent

South Africa's presence is increasing in Africa, with local brands able to shape the culture of shopping in countries like Nigeria, says Brand South Africa's research manager, Petrus de Kock. South Africa is one of the top three countries of origin for foreign direct investment in Africa, meaning our companies have internationalised at a rapid pace since 1994.

SARB to continue rand intervention

Bank hikes rates, calls for resolution of strike

The South African Reserve Bank has raised its benchmark repo rate by 25 basis points, while slightly lowering its economic growth forecast. Governor Gill Marcus has called for a speedy resolution of the metalworkers' strike, saying it is crucial for business and labour to re-establish mutual trust.

New security feature for Mandela banknotes

The South African Reserve Bank has introduced a new security feature on the country's Nelson Mandela banknotes to mark the first 12 months since the introduction of the new notes.
Banknotes

Get to know your banknotes

South Africa now has a new set of banknotes, with the Nelson Mandela notes going into circulation on Tuesday 6 November. The current and new banknotes will circulate together and both remain legal tender.

New R5 coin for Mandela’s birthday

South Africa has launched a special bi-metal R5 coin to mark the 90th birthday of Nelson Mandela. Five million of the coins have been minted and will go into circulation on 18 July.

South Africa’s new banknotes

South Africa's new banknotes entered circulation from 1 February with the same basic look but a host of new security and other features. The Reserve Bank has urged South Africans to familiarise themselves with the look and feel of the new currency.

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