South African Reserve Bank
SARBNews
Insurers face 100 percent liquidity minimum under FSI 6
South Africa's Prudential Authority published FSI 6 on October 15, 2026, setting a minimum insurance liquidity ratio of 100 percent and mandatory stress testing.
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SARBNews
Residents may transfer R2 million annually for legal uses abroad
Residents aged 18 and older have a R2 million annual discretionary allowance under the South African Reserve Bank (SARB) dealer manual.
SARBNews
South African commodity price index rises 2.7 percent in September
South Africa's dollar-denominated commodity price index rose 2.7 percent in September 2026, driven by coal, Brent crude, rhodium and iron ore.
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SARBNews
Weekly repo auction ends on October 30 as liquidity stays ample
Weekly main repo auctions will stop indefinitely from October 30, 2026, the South African Reserve Bank (SARB) said on October 12. Repos will remain available as a discretionary liquidity backstop.
SARBNews
Four banking directives withdrawn as revised rules take over
Four banking directives are withdrawn under Prudential Authority (PA) Directive 5/2026, published on October 12, 2026.
SARBNews
FX Global Code register opens for wholesale market participants
South African foreign exchange market participants can now publish Statements of Commitment to the FX Global Code following the launch of a dedicated public register by the South African Reserve Bank and the South African Foreign Exchange Committee on 7 October 2026.
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SARBPaper
Expectation dispersion warns of inflation de-anchoring in real time
South African private sector inflation expectations gained durability over 25 years of targeting, while survey dispersion provided real-time early warnings of de-anchoring risks.
SARBDecoder
China takes top spot in South Africa trade basket at 28.6 percent
The South African Reserve Bank has updated its effective exchange rate weights, placing China in first place with a 28.6 percent trade share.
SARBDecoder
CMA seigniorage transfers drop to R1.1 billion after 2023 peak
South Africa transferred an estimated R1.1 billion in seigniorage compensation to Eswatini, Lesotho and Namibia in fiscal 2025/26. The payments under the Multilateral Monetary Agreement declined from a peak of R1.4 billion in 2023/24 as bond yields and currency growth moderated.
SARBSpeech
Tshazibana warns climate and water shocks amplify financial risks
South African Reserve Bank Deputy Governor Fundi Tshazibana called on financial institutions to integrate nature-related drivers and water stress into climate risk frameworks.
SARBPaper
Current account deficit hits 2.6 percent as unemployment climbs
South Africa's current account balance switched to a deficit of 2.6 percent of GDP in the second quarter of 2026, while the unemployment rate rose to 33.6 percent.
SARBPaper
China overtakes euro area with 28.6 percent weight in rand basket
South Africa updated its effective exchange rate indices to a 2022 base year, expanding the currency basket to 23 trading partners as China overtook the euro area as the largest trade weight at 28.6 percent.