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%%EOF In terms of the Constitution: The South African Reserve Bank, in pursuit of its primary objective, 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”. Its functions include the formulating and implementing of South Africa's monetary policy… 0 The Reserve Bank and its functions Presentation to the National Economic Forum by Dr Chris Stals, Governor of the South African Reserve Bank 4 February 1993 • 1. 44 0 obj <> endobj �Lb��m��b)�w�b�"�J��j�r�����c��q��1xQ���Q����\/U�'��XP5�R�!/�Ծ�-�k����$��c� ��s$7�c���/M{��ó�:�����;��496O��hZ"�I�� ]�4���ӑJ|��8P1\AL�^Jsܒ�O��+���$�>�4�!���;3r�X1Ur���]e�us���1�L}�ϳ� �H�>�8�X7��aGJ�@�4L�k�� ��T��wQ�uS�I߷�{` =�@�z�v�A+�\ ~h͡�c���w[�8'���r>v�' ��`��8�v�S��{gT�|Ч�`I�:�J>�| �qhUf� ����8n�8#`��Lppv��t���p The South African Reserve Bank (SARB) is the central reserve bank of the Republic of South Africa. endstream endobj 48 0 obj <>stream
When the Bank was originally established in 1921, its main task was to develop money and capital markets and a banking system in South Africa that would be independent of London. endstream endobj startxref In discharging this role, it takes responsibility for: Ensuring that the South African money, banking and financial system as a whole is sound, meets the requirements of the community and keeps abreast of international developments; 71 0 obj <>stream m�LFڎ�p;��7`�-ۛu29}����\�z7/e����[1�ɯ���d�hv����Ru�%3.�ИԹ&3:HχP䵳3}�9rR%�W2�iU�_����%�y/���wQ��T����j������ȻMcC{)�p�7�V�;\�1���@C�&:�Z ���U���! %PDF-1.3 %���� The South African Reserve Bank (SARB) is the central bank of South Africa. !H\V���x���,w�j��S��N�u�O�Ja����=M�F�d���rJ��GX����v����¨��^_\�a�pP�B��O���%�0���6�ߥ���2C��N�Ṅg�&)�{��)L�M� f�-ѵYu�:u �|�2t���#\� ��Qo���Χ��a /^\��Z�&y����k��+Sj�9c(/��PyDTw��_�`'�6����:.��}~��C�v�U�r�u��1�ÜS�J�"j�u��89�%�T����IȻ�7}. The functions of the Bank … endstream endobj 45 0 obj <>>>/Metadata 17 0 R/Outlines 68 0 R/PageMode/UseOutlines/Pages 39 0 R/Type/Catalog>> endobj 46 0 obj <>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/Type/Page>> endobj 47 0 obj <>stream Governor Gill Marcus spoke on SARB’s roles as the government’s banker and in managing the National Payments System. The institutional framework The Reserve Bank is a juristic person created in terms of a special Act of Parliament. H��Wˎ���Wp@��zY�eU:�d� ]d1�B��2j�ѣܝ���>i�U5�0)���sϽ||�����$��pWGuab��`[De�5yU�ֿ�����ӏO�y���(���yn�68Lax��5x��SXF��| �8�a��k�$Qta�iSEIp��L���i��?��K�h�T�A�Ij�?�VP�� ���fl.H�s��GbpY�Q�ݒ�`Y�U#�$g#�(�dI\Ei�7����06hc|��ކ5|7ۨ The primary function of the Reserve Bank is to protect the value of South Africa's currency. }�Z�@Ú�I�)~��*%u(oiQ���g��K�>6���(H]��_����&�;��� �5ަ��lW@8j�\0���N���M����GF�l$�0r�d�uf�m`�Y��.�� ��#CƦ��K����ׯ0 ��db(/Є 2�gb�@Z�į���\�.��� �R��;�ψ8R�S��Q'*�E53j ���V��[Q6���J�׃��A�I�?T��ÁwO��)� pp�� E������#���N l�x� The South African Reserve Bank presented an overview of their establishment and functions to four parliamentary committees: the Standing Committees on Finance and Appropriations and the Select Committees on Finance and Appropriations. 60 0 obj <>/Filter/FlateDecode/ID[]/Index[44 28]/Info 43 0 R/Length 90/Prev 1345552/Root 45 0 R/Size 72/Type/XRef/W[1 3 1]>>stream
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