South African Reserve Bank

Contact Details

Postal PO Box 427, Pretoria, 0001
Physical 370 Helen Joseph Street, Pretoria
Tel 012 313 3911 / 086 112 7272
Fax 012 313 3197/3929
Web www.resbank.co.za

Overview

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

In terms of section 224 of the Constitution, 1996, ‘the South African Reserve Bank, in pursuit of its primary object, must perform its functions independently and without fear, favour or prejudice, but there must be regular consultation between the Bank and the Cabinet member responsible for national financial matters'. The independence and autonomy of the Bank are therefore entrenched in the Constitution.

In pursuit of its mandate and purpose, the Bank performs the following key functions: formulating and implementing monetary policy; promoting financial stability; regulating and supervising the banking system; issuing banknotes and coins; managing the official gold and foreign-exchange (FX) reserves of the country; undertaking data analysis and research; ensuring the effective functioning of the National Payment System; administering the country's remaining exchange controls; and acting as banker to government.

Overseeing Department/Entity

Reporting Entities

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