The South African Reserve Bank MPC decided to keep the repurchase rate at its current level of 8.25% per year. The decision was unanimous. #SARBMPCMAY2024
South African Reserve Bank
Banking
Tshwane, Gauteng 223,987 followers
The SARB's purpose is to achieve & maintain price stability in the interest of balanced & sustainable economic growth.
About us
The South African Reserve Bank (the SARB) is the central bank of the Republic of South Africa. It regards its primary goal in the South African economic system as "the achievement and maintenance of price stability". The South African Reserve Bank maintains that South Africa has a growing economy based on the principles of a market system, private and social initiative, effective competition and social fairness. It recognises, in the performance of its duties, the need to pursue balanced economic development and growth.
- Website
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http://www.resbank.co.za
External link for South African Reserve Bank
- Industry
- Banking
- Company size
- 1,001-5,000 employees
- Headquarters
- Tshwane, Gauteng
- Type
- Public Company
- Founded
- 1921
- Specialties
- Banking, Central Bank, and Bank Supervision
Locations
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Primary
370 Helen Joseph Street, Pretoria, 0001
373 Madiba Street, Pretoria 0001
Tshwane, Gauteng 2712, ZA
Employees at South African Reserve Bank
Updates
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Today’s launch of the SARB’s inaugural Payments Study Report in Johannesburg generated robust discussions on, among other things, the safety and convenience of the various payment methods and instruments. The study showcases key information around whether factors such as access, pricing, convenience and safety play a fundamental role in the public’s usage of the payment methods on offer. For more information, read the Payments Study Report here: https://lnkd.in/dycFsJHv Deputy Governor Rashad Cassim delivered the keynote address on the genesis and importance of payments studies. Read his speech here: https://lnkd.in/d4Sdwdz5
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The South African Reserve Bank (SARB), the custodian of the national payment system, has today released its inaugural Payments Study Report. The study, the first of its kind in South Africa, uses individuals’ payment data and provides extensive insight into how the public perceives and uses various payment methods and instruments. Commissioned in 2023, the study provides information on how factors such as access, pricing and convenience inform consumer choices about payment methods. This information can be can be used by researchers, other regulators, policy makers and payment service providers to better understand consumer behaviour as well as potential opportunities and risks in the payments landscape. The information contained in the study can also assist in the design and implementation of more convenient, efficient and safer payment instruments and methods for South African consumers and businesses. For more information, read the study report here: https://lnkd.in/dycFsJHv
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The South African Reserve Bank has released data on the current account of the balance of payments (BoP) for the second quarter of 2024 – a summary of transactions between SA residents and the rest of the world. It includes trade in goods and services, income and current transfers. The deficit on the current account of the balance of payments narrowed to R64.6 billion (0.9% of GDP) in the second quarter of 2024 from a revised R106.9 billion (1.5% of GDP) in the first quarter. To view the full statement on the current account of the balance of payments for the second quarter of 2024, click here: https://lnkd.in/dZgjeNTW
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[SCHOLARSHIP ALERT] The SA Reserve Bank (SARB) is inviting prospective Master’s degree in Data Science and Machine Learning students to apply for a full scholarship for the 2025 academic year. Applications close on 31 October 2024. For more, click here: https://bit.ly/3Kt5sbu
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[SCHOLARSHIP ALERT] The SA Reserve Bank (SARB) is inviting prospective Master’s degree in Data Science and Machine Learning students to apply for a full scholarship for the 2025 academic year. Applications close on 31 October 2024. For more, click here: https://bit.ly/3Kt5sbu
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[BURSARY ALERT] The SA Reserve Bank invites Undergraduate students to join its bursary programme. Applications close on 30 September 2024. For application forms, click here: https://bit.ly/3X9eP7E
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[BURSARY ALERT] The SA Reserve Bank invites Economics students to join its bursary programme. Applications close on 30 September 2024. For application forms, click here: https://bit.ly/3yMxjAI
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