The South African Reserve Bank (SARB) is the central bank of South Africa. It was established in 1921, making it one of the oldest central banks in the world. The SARB operates independently from the government, with a mandate to protect the value of the South African rand and ensure financial stability.
Functions of the SARB
- Monetary Policy Implementation – The SARB sets the repo rate, which influences interest rates in the economy. This helps control inflation and economic growth.
- Price Stability – The bank aims to keep inflation within the 3%-6% target range to protect the economy from high price fluctuations.
- Currency Issuance – The SARB is responsible for printing and distributing banknotes and coins through the South African Mint and the South African Bank Note Company.
- Financial System Stability – It oversees commercial banks and financial institutions to ensure their stability and compliance with regulations.
- Foreign Exchange Control – The SARB monitors and regulates foreign exchange reserves and international financial transactions.
- Managing Gold and Foreign Reserves – It holds and manages South Africa's foreign currency reserves and gold reserves to support economic stability.
- Banking Supervision – Through the Prudential Authority, the SARB regulates and supervises financial institutions to protect depositors and prevent financial crises.
Number of Employees
The South African Reserve Bank employs around 2,000 people across its headquarters in Pretoria and its various branches. These employees include economists, financial analysts, legal experts, IT professionals, and support staff.
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Post-Matric Options
We helped you with past papers for your matric exams, so hopefully you are happy with your Matric results. So now you are faced with a lot of post-matric options that can shape your future paths. You might want to study law, teaching, or nursing. Of course studying is expensive so we have helpful advice about student loans, NSFAS bursaries, Fundi loans, ISFAP, and lots of other funding options.
These options range from pursuing higher education at universities , TVET Colleges or private colleges, finding student accommodation, entering vocational training programs (like Learnerships and internships), joining the workforce, or even starting your own business. There are so many choices but we are here to help.
Where to Study
SACAP refers to the South African College of Applied Psychology.
Too often, those in crisis can’t access the help they need. SACAP's person-centered educational philosophy develops the skills you need to effect positive change where it’s needed most. SACAP’s work-integrated learning offering is where your training really comes to life so submit your SACAP online application now.
General News
Applying for your Smart ID Card has gotten even easier as you can now apply online via e-Home Affairs. Here is how to apply, upload documents and pay for your application all from the comfort of your own home.
