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
AngloGold’s ‘extraordinary by any measure’ half year pays nigh $1bn in dividends 
By: Martin Creamer 31st July 2026 “It's been an extraordinary period by any measure,"was the description of AngloGold Ashanti CEO Alberto Calderon of his company’s first-half... →
South African rand tracks subdued market peers ahead of Fed interest rate decision
By: Reuters 29th July 2026 The South African rand was subdued in early trade on Wednesday, tracking other emerging market currencies as investors awaited the US Federal... →
South Africa adds Angolan kwanza to regional cross-border payment system
By: Reuters 27th July 2026 South African Reserve Bank Governor Lesetja Kganyago said on Monday that the Angolan kwanza has become the first new settlement currency added to... →
South Africa's economy is adversely affected by corruption and instability in the justice system
27th July 2026 South Africa's long-term economic growth is constrained by corruption and instability in the justice system. Their impact increases the cost of... →
IFP notes decision to maintain repo rate, calls for accelerated economic reforms
24th July 2026 The Inkatha Freedom Party (IFP) notes the South African Reserve Bank's decision to once again keep the repo rate unchanged at 7%. The decision... →
Solidarity welcomes Reserve Bank’s interest rate decision
24th July 2026 Solidarity welcomed the Reserve Bank’s decision to leave the interest rate unchanged. “I am pleasantly surprised by the Reserve Bank’s good... →
South Africa unexpectedly holds rates as it flags growth risks
By: Bloomberg 23rd July 2026 The South African Reserve Bank defied expectations and held interest rates steady to support economic growth after revising its inflation forecasts... →
PSA urges Reserve Bank to avoid rate hikes as public servants face mounting financial pressure
22nd July 2026 The Public Servants Association (PSA), representing more than 250 000 public-sector employees across South Africa, calls on the South African... →
South Africa inflation jumps more than expected in June
By: Reuters 22nd July 2026 South African inflation picked up more sharply than expected in June, bolstering expectations that the central bank will deliver a second... →
The Trusted Employer Scheme re-opens for Phase II
22nd July 2026 After much anticipation, the Trusted Employer Scheme (TES) has re-opened for corporate employers who wish to express their interest in being... →
