What is the South African Reserve Bank?

The South African Reserve Bank (SARB) is the central bank for the Republic of South Africa and was first established in 1921. The South African Reserve Bank is privately owned and has such responsibilities as being the government’s bank and lender, implementing monetary policy, the printing and issuing of its currency and supervising the banking system.

The South African Reserve Bank is made up of fourteen members.

One Governor.

Three deputy governors.

Three directors appointed by the president.

Seven members representing the seven main industries in the country such as agriculture, commerce and finance.

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