| Company Name: |
South African Reserve Bank
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| Location: |
Pretoria, South Africa |
| Services/Products: |
Central Bank in South Africa |
| Contact Number: |
+27 12 313-3911 |
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Website:
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The South African Reserve Bank 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.
The Reserve Bank is committed to ensuring financial stability in the interest of balanced and sustainable economic growth. In the pursuit of its primary objective, the Bank must perform its functions independently, without fear, favour or prejudice.
The Reserve Bank, in the pursuance of its goal, the realisation of its philosophy and the fulfilment of its responsibilities, assumes responsibility for:
- formulating and implementing monetary policy in such a way that the primary goal of the Reserve Bank will be achieved in the interest of the whole community that it serves;
- 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;
- assisting the South African government, as well as other members of the economic community of southern Africa, in the formulation and implementation of macro-economic policy; and
- informing the South African community and all interested stakeholders abroad about monetary policy and the South African economic situation.
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