The Financial Sector Forum
Central banks
SARB Fact Sheets
South African Reserve Bank Fact Sheets. The South African Reserve Bank has recently updated its series of ten Fact Books: No. 1 – Introduction to the South African Reserve Bank Establishment of the Bank The South African Reserve Bank (the Bank) is the central bank of the Republic of South Africa. The Bank was established … Continue reading
FNB: Interest rate prospects appear stable
FNB Rex Column: Interest rate prospects appear stable. The SARB recently suggested a broadening inflationary pressure, possibly increasingly demand-led. This comes as a bit of a surprise. CPI inflation bottomed 18 months ago near 3%, and has ever since been rising, headline faster than core, led by aggressive increases in food, electricity and petrol. Headline … Continue reading
South Africa introduces new banknotes
The South African Reserve Bank is pleased to announce that we are in the process of producing a new South African Bank Note series. International best practise is that the security features of bank notes are upgraded every seven to ten years, particularly given the constant improvements in technology. Such proactive upgrades endeavour to prevent … Continue reading
SARB: Monetary Policy Review – November 2011
Since the previous Monetary Policy Review (MPR) was published in May 2011, the prospects for global and domestic growth have deteriorated. Growth in a number of advanced economies has slowed, and confidence levels have been undermined by renewed financial market turbulence, generated in large part by the unresolved European sovereign debt crisis. Some advanced economies … Continue reading
FNB: SA could also do with interest rate cuts
08 Nov. FNB Rex Column: SA could also do with interest rate cuts. The SARB this year has been most decisive about inflation (rising, but so far not giving rise to second-round effects and likely relapsing back into target next year), most outspoken about the economy (a lingering subpar growth performance and sizeable output gap) … Continue reading
FNB: The Posen Critique of Central Banks
FNB Comment: The Posen Critique of Central Banks. Adam Posen is an outspoken American economist and member of the Bank of England nine-member monetary policy committee. Observing from close up his British peers and some central banks in Europe and the US, he notes a reluctance to aggressively pump more credit into economies because of … Continue reading
SA wary of Brics aid for euro rescue
Gill Marcus, Reserve Bank, paints a depressing picture of the state of the global economy and South Africa’s own prospects. Gill Marcus, governor of the Reserve Bank, on Wednesday warned that any plan by the Brics countries, of which South Africa is one, to assist the euro zone in solving its debt crisis needed to … Continue reading
Appointment of Registrar and Deputy Registrars of Banks
10 Oct. South African Reserve Bank: Appointment of Registrar and Deputy Registrars of Banks. The South African Reserve Bank hereby announces the following appointments: Mr Rene van Wyk as Registrar of Banks; Mr Nkosana Samuel Mashiya as Deputy Registrar of Banks; and Mr Robert Hunter Urry as Deputy Registrar of Banks. These appointments have been … Continue reading
SARB Annual Report
SARB Annual Report June 2010/2011. Strategic review During February 2011, the Bank reviewed its strategy in the light of recent and envisaged future developments in the global and domestic environment, which included different scenarios for global economic developments and possible implications for South Africa and the responsibilities of the Bank; challenges facing central banks as … Continue reading
Expiry of Senior Deputy Governor, Dr XP Guma’s term of office
27 May. Senior Deputy Governor Dr XP Guma’s second five-year term of office with the South African Reserve Bank expires on 31 July 2011, after 16 years of uninterrupted service. Dr Guma has advised President JG Zuma and the Board that after ten years as Deputy Governor, he has decided not to renew his contract. … Continue reading
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