South African Reserve Bank
SARBSpeech
Kganyago warns of global crisis cascade as supply shocks mount
South African Reserve Bank Governor Lesetja Kganyago warned on September 28, 2026, that compounding geopolitical, climate and debt shocks threaten global stability.
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SARBNews
Policy rate raised 25 basis points to 7.25 percent
The South African Reserve Bank raised its policy rate by 25 basis points to 7.25 percent in a unanimous decision.
SARBNews
Executive officers must certify all statutory bank reporting returns
South African banks must submit a certified Form BA 099 with every statutory return, signed strictly by vetted executive officers or approved acting deputies.
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SARBPaper
Simulations show 3 percent inflation target withstands major shocks
The South African Reserve Bank released five economic research notes examining the transition to a 3 percent inflation target, market concentration, de-dollarisation and domestic refining capacity losses in its September 2026 bulletin.
SARBPaper
Three percent inflation target withstands standard economic shocks
A proposed 3 percent inflation target would keep price growth between 2 percent and 4 percent across 62 percent of multi-shock scenarios, according to South African Reserve Bank research published in September 2026.
SARBPaper
Market concentration blunts rate transmission in South Africa
A South African Reserve Bank research note finds that market concentration in South Africa weakens monetary policy pass-through.
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SARBPaper
48 percent of South African firms identify new 3 percent target
A South African Reserve Bank study shows 48 percent of surveyed firms correctly identified the lowered 3.0 percent inflation target shortly after its November 2025 adoption.
SARBPaper
De-dollarisation fails to expand emerging market policy autonomy
Reducing reliance on the US dollar will neither resolve macroeconomic instability nor restore policy sovereignty in emerging markets, according to a South African Reserve Bank study.
SARBPaper
Refinery closures raise South Africa fuel import bill by R76 billion
South Africa's operational refining capacity has halved to 250,000 barrels per day, pushing refined product imports above 50 percent of domestic demand.
SARBNews
Sanction risks and repo bottlenecks top financial market agenda
US sanction risks, repo market constraints and credit-linked note exposures took center stage at the Financial Markets Liaison Group meeting on April 14, 2025.
SARBPaper
Each point of debt-to-GDP adds 12 basis points to bond yields
A South African Reserve Bank study shows that a one percentage point increase in the government debt-to-GDP ratio raises sovereign bond yields and the term premium by 12 basis points.
SARBNews
Standardised IT and cyber incident reporting takes effect
South Africa's Prudential Authority and Financial Sector Conduct Authority have determined the mandatory template and electronic submission channels for material IT and cyber incident notifications, effective 1 September 2026.