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South African Reserve Bank

 

South African Reserve Bank Logo

The South African Reserve Bank is the central bank of the Republic of South Africa. The Bank was established in 1921 in terms of a special Act of Parliament, the Currency and Bank Act of 10 August 1920 (the Act) and was the direct result of the abnormal monetary and financial conditions which had arisen during and in the period immediately following World War I.

 
 

As the central bank of the Republic of South Africa, the primary purpose of the South African Reserve Bank is to achieve and maintain price stability in the interest of balanced and sustainable economic growth in South Africa. Together with other institutions, it also plays a pivotal role in ensuring financial stability.

The South African Reserve Bank is convinced that it is essential that South Africa has a growing economy based on the principles of a market system, private and social initiative, effective competition and social fairness. It recognizes, in the performance of its duties, the need to pursue balanced economic development and growth.


The Reserve Bank provides banking services to the central Government, although this function has been trimmed down after the Government began holding cash balances with other banks. The Reserve Bank does not provide banking services to provincial governments, local authorities or state enterprises. The Reserve Bank is, however, responsible for the movement of government balances to, from and between other banks. Such movements have an effect on the cash holdings of banks and, therefore, serve as a convenient additional instrument for managing the liquidity of banks.

South African Reserve Bank HQ Location Map

South African Reserve Bank
HQ Address: 370 Church Street
Pretoria
0002 South Africa
Tel: +27 12 313 3911
Fax: +27 12 313 3197
Website: www.reservebank.co.za
Swift Code: SARBZAJP
Currency: Rand
Banking Hours:
Monday - Friday : 9.00am - 3.30pm
 

 

The Reserve Bank accepts that the credibility of its policy and actions is a prerequisite for the attainment of its goals and that such credibility can only be achieved and maintained through independent action, firmness of principle, resoluteness and fixed intent. The Reserve Bank ensures, through the application of modern management practices and technology, that all its activities are conducted effectively and efficiently.
 
 

List of banks governed by the South African Reserve Bank
Local Control Banks
» ABSA Bank Limited » FirstRand Bank Limited » Sasfin Bank Limited
» African Bank Limited » Grindrod Bank Limited » The Standard Bank of South Africa Limited
» Bidvest Bank Limited » Investec Bank Limited » UBANK Limited
» Capitec Bank Limited » Nedbank Limited
Foreign Control Banks
» Al Baraka Bank Limited » HBZ Bank Limited » The South African Bank of Athens Limited
» Habib Overseas Bank Limited » Mercantile Bank Limited
Foreign Banks (Branches)
» Bank of Baroda » Citibank N.A » Standard Chartered Bank
» Bank Of China Limited » Deutsche Bank » State Bank of India
» Bank of Taiwan South Africa Branch » JP Morgan Chase Bank » HSBC
» Calyon Corporate and Investment Bank » Société Générale » The Royal Bank of Scotland
» China Construction Bank Corporation

 

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