South African Reserve Bank
The South African Reserve Bank is the central bank of South Africa, responsible for monetary policy, financial stability and the regulation of the country's banking system. Established in 1921, it is headquartered in Pretoria and operates under the South African Reserve Bank Act. The bank's primary mandate is to protect the value of the rand in the interest of balanced and sustainable economic growth. It sets the repo rate, which influences borrowing costs and inflation, and targets an inflation band of 3% to 6%. The Reserve Bank also manages the country's gold and foreign-exchange reserves, oversees the national payment system and acts as banker to government and commercial banks. It is governed by a board of directors and led by a governor appointed by the President. The bank operates with a degree of independence, though its mandate is set by Parliament. Unlike many central banks, the South African Reserve Bank has private shareholders, a legacy of its founding, though this does not affect its policy independence. It plays a central role in South Africa's financial architecture and is a key voice in debates over interest rates, currency stability and economic policy. The bank publishes regular monetary policy statements and economic reviews that are closely watched by markets and policymakers.
South African Reserve Bank Updates
ANC lays criminal charges against coalition partner's Mark Burke 
By: Creamer Media Reporter 21st August 2026 The ANC said on Friday it has pursued criminal charges against DA MP Dr Mark Burke, as well as the fintech company Kastelo, following a South... →
ANC welcomes easing in inflation and revised electricity pricing policy
20th August 2026 The African National Congress (ANC) welcomes the decline in headline inflation from 5.0% in June to 4.3% in July 2026, while food inflation fell to... →
Burke's committee removal does not absolve him from accountability
20th August 2026 The African National Congress (ANC) notes the decision by the Democratic Alliance (DA) to remove its Federal Finance Chair and Member of... →
DA removes Mark Burke from finance committee amid SARB probe
By: Thabi Shomolekae 19th August 2026 The DA has removed Mark Burke from Parliament’s finance committee and his role as the party’s finance spokesperson following a South African... →
DA's Burke must be withdrawn from Parliament's finance oversight structures
19th August 2026 DA Federal Finance Chairperson, funder and MP, Mark Burke, is unfit to serve on Parliament’s Standing Committees on Finance and/or Appropriations... →
South Africa consumer inflation slows more than expected in July
By: Reuters 19th August 2026 South Africa's inflation rate slowed for the first time in five months in July, partly due to a steep drop in fuel costs, but analysts said it... →
DA stands by ‘due process’ as MP Mark Burke addresses SARB probe
By: Thabi Shomolekae 18th August 2026 The DA has affirmed its commitment to due process and the independence of State institutions following reports of a South African Reserve Bank... →
Sacci BCI stabilised in July as vehicle sales, exports lifted market sentiment
By: Lumkile Nkomfe 18th August 2026 Industry body the South African Chamber of Commerce and Industry (Sacci) highlights that its Business Confidence Index is stabilising after... →
South Africa takes over regional economic bloc as trade falters
By: Bloomberg 17th August 2026 South Africa is taking over leadership of the Southern African Development Community with a push to deepen regional commerce, as the bloc’s own... →
South Africa to finalise rules for R150tr OTC derivatives market by 2028
By: Bloomberg 17th August 2026 South Africa’s financial regulators plan to finalise new rules requiring over-the-counter derivatives to be centrally cleared in the next two years... →
