South African Reserve Bank
South African economy expands for fifth quarter, global risks emerge
South Africa's economy expanded for a fifth consecutive quarter in Q4 2025, with annual growth reaching 1.1 percent in 2025.
Focus
SARB updates Quarterly Bulletin tables for government finance
The South African Reserve Bank (SARB) has published changes to the National Government Finance tables in its Quarterly Bulletin.
Comprehensive chronology of South Africa's tax landscape 1979-2026
The South African Reserve Bank (SARB) has published a comprehensive chronology detailing the evolution of South Africa's tax system from 1979 to 2026.
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Absa Financial Services Insurance Group designation updated
Fundi Tshazibana, Chief Executive Officer of the South African Reserve Bank's Prudential Authority, has announced an amendment to the designation of the Absa Financial Services Limited Insurance Group.
Climate change impacts South African labor, demanding policy shifts
A South African Reserve Bank working paper examines how physical climate change risks affect South Africa's labor market.
South African policy rate maintained at 6.75 percent amid global uncertainty
The South African Reserve Bank's Monetary Policy Committee has maintained the policy rate at 6.75 percent.
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Regulators outline 'No new JIBAR' expectations for May 1
The Prudential Authority and the Financial Sector Conduct Authority have issued joint supervisory expectations for the transition from JIBAR to ZARONIA.
South African regulators set JIBAR transition expectations
The Prudential Authority and the Financial Sector Conduct Authority have issued new supervisory guidance for the transition from JIBAR to ZARONIA.
Prudential Authority mandates AML/CFT/CPF effectiveness review for mutual banks
The Prudential Authority has designated the effectiveness of anti-money laundering, counter-financing of terrorism, and counter-proliferation financing (AML/CFT/CPF) controls as its 2026 'Flavour-of-the-year' supervisory topic.
SARB proposes new reporting rules for securitisation vehicles
The South African Reserve Bank (SARB) has issued a proposed Directive (BA501) on securitisation vehicles, updating reporting requirements for issuer special purpose institutions (SPIs).
Macroprudential policy stabilizes EM banks against geopolitical risk
A South African Reserve Bank paper calibrates a DSGE model for emerging economies, showing that geopolitical risk shocks depreciate exchange rates, are inflationary, and harm bank balance sheets.
Open banking significantly reduces unbanked individuals in South Africa
A South African Reserve Bank working paper finds that open banking significantly reduces the number of unbanked individuals and increases the use of credit, saving, and insurance services.