South African Reserve Bank
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.
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G4S Insurance license varied to exclude cash-in-transit losses
South Africa's Prudential Authority has varied the licensing conditions of G4S Insurance Limited with effect from August 6, 2026.
Kganyago outlines policy shifts driving emerging market resilience
South African Reserve Bank Governor Lesetja Kganyago outlined how core emerging markets transitioned from financial fragility to economic resilience since the 1990s.
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Bank quotas unchanged despite R56 billion Treasury transfer
The South African Reserve Bank will maintain its current bank quota allocations and liquidity target band of R145 billion to R225 billion.
Implicit rating support disallowed in capital calculations by 2030
The Prudential Authority of South Africa has set a June 30, 2030 deadline for banks to phase out implicit government support assumptions in external ratings under the standardised approach.
Draft manual sets reporting rules for cross-border crypto flows
National Treasury and the South African Reserve Bank have published a draft manual establishing rules for cross-border crypto asset transfers.
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Kganyago reaffirms 3 percent inflation target following oil shock
South African Reserve Bank Governor Lesetja Kganyago reaffirmed the central bank's commitment to its new 3 percent inflation target at the 106th annual general meeting on July 31, 2026.
Angolan kwanza added to SADC-RTGS payment system
The South African Reserve Bank and Banco Nacional de Angola have introduced the Angolan kwanza as a settlement currency in the SADC-RTGS system.
Strict rules govern currency and movie money reproduction
The South African Reserve Bank has issued updated policy guidelines regulating the reproduction of banknotes and coins.
Four legacy banking directives slated for withdrawal
The Prudential Authority has proposed the withdrawal of four legacy banking directives following recent regulatory updates and supervisory developments.
Interest rate held steady at 7.0 percent
The South African Reserve Bank has kept its policy rate unchanged at 7 percent following a split 4-2 vote.
Corporate credit surges 13.2 percent, less to real economy
South African corporate credit grew sharply from 5.1 percent in February 2025 to 13.2 percent in February 2026.