South African Reserve Bank
Supervisory plan sets 18 surveys across cyber, debt and nature risks
Eighteen supervisory surveys and questionnaires will structure South African regulatory oversight in the 2026/27 financial year.
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Severe weather shocks lift food and energy prices by 5 percent
A South African Reserve Bank study of 65 countries from 2000 to 2024 finds that extreme weather shocks drive upstream inflation in food and energy while sparing core prices.
Commemorative R2 coins honour Charlotte Maxeke and 1956 marchers
The South African Reserve Bank has issued two commemorative R2 circulation coins honouring Charlotte Mannya-Maxeke and the 1956 women’s march.
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South Africa issues first circulation coins featuring women
The South African Reserve Bank has issued two commemorative R2 coins celebrating Charlotte Maxeke and the 1956 Women’s March.
ZARONIA references 90 percent of cross-currency swap pricing
The South African Foreign Exchange Committee reported orderly domestic market conditions despite Middle East tensions and noted that 90 percent of cross-currency swap pricing now references ZARONIA, according to proceedings from its 18 June 2026 meeting.
Supplier concentration elevates systemic risks in financial sector
Severe supplier concentration and weak governance undermine third-party risk management across South African financial institutions, a Prudential Authority review found.
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Mutual banks to deduct FLAC holdings from regulatory capital
Mutual banks in South Africa must deduct First-Loss Absorbing Capacity instruments from regulatory capital under a draft directive published by the Prudential Authority.
NEC Money penalized R75,000 for anti-money laundering failures
The South African Reserve Bank has imposed an administrative sanction of R75,000 on foreign exchange dealer NEC Money (Pty) Limited.
Over 1,800 students compete in 2026 MPC Schools Challenge
South African Reserve Bank Governor Lesetja Kganyago announced the winners of the 2026 Monetary Policy Committee Schools Challenge in Pretoria on August 18, 2026.
Michaelhouse wins 2026 MPC Schools Challenge
The South African Reserve Bank has named Michaelhouse from KwaZulu-Natal as the winner of the 2026 Monetary Policy Committee Schools Challenge.
Comments invited on Prudential Authority budget and levy proposals
South Africa's Prudential Authority has invited public comments on its proposed 2027/2028 budget, expenditure estimates, and updated fee and levy structures.
Draft standard sets fit and proper rules for beneficial owners
South Africa's Financial Sector Conduct Authority and Prudential Authority have published a draft Joint Standard establishing governance and fit-and-proper requirements for beneficial owners of financial institutions.