South African Reserve Bank
SARB proposes new directive for bank returns, replaces 2025 rules
The South African Reserve Bank's Prudential Authority has issued a proposed directive to replace Directive 5 of 2025, outlining new requirements for banks to submit financial and risk-based returns.
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Trade uncertainty, geopolitics threaten South Africa's finance
A South African Reserve Bank paper investigates the multifaceted impact of trade uncertainty and geopolitical fragmentation on the country's financial stability.
Inflation expectations slow to align with SARB's 3% target
A South African Reserve Bank working paper finds that firms' inflation expectations are slow to adjust to the new 3% target.
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Draft Capital Flow Management Regulations open for comment
National Treasury has published draft Capital Flow Management Regulations 2026 for public comment.
Prudential Authority consults on insurer disclosures
The South African Reserve Bank's Prudential Authority has opened a public consultation on its revised draft Prudential Standard on Public Disclosures for Insurers.
Exchange control manual for dealers updated
The South African Reserve Bank (SARB) has updated its comprehensive Currency and Exchanges Manual for Authorised Dealers.
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South African banking sector shows asset and loan growth in January 2026
The South African Reserve Bank (SARB) reported continued growth in banking sector assets and loans for January 2026.
Eligibility criteria proposed for mandatory OTC derivatives clearing
The Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) have published a Joint Discussion Document for public comment.
Gambling spending in South Africa quadruples to R74.5 billion
South Africans' actual spending on gambling, measured by gross gambling revenue (GGR), reached R74.5 billion in 2024, a fourfold increase from 2015.
SARB proposes stricter oversight for bank interest rate risk
The South African Reserve Bank (SARB) has issued a proposed directive to revise requirements for interest rate risk in the banking book (IRRBB).
South African study links inflation targeting to bond market risk premia
A South African Reserve Bank working paper by Chloë Allison and Theuns de Wet examines how inflation targeting influences the inflation risk premium embedded in the country's nominal government bond yields.
South Africa's net international investment position declines to R1.99 trillion
South Africa's positive net international investment position (IIP) decreased to R1 988 billion at the end of December 2025 from a revised R2 362 billion in September.