About South African Reserve Bank
The South African Reserve Bank is the country's central bank; its purpose to protect the value of the currency, and to achieve and maintain financial stability.
Did you know? SARB has a board of directors consisting of a Governor, three Deputy Governors, and eleven Directors. The Governor, and Deputy governors are appointed for five-year terms by the President of the Republic of South Africa in consultation with the Minister of Finance.
Regarded as the highest building in Pretoria / Tshwane, with a basement that extends some 25 metres below ground (for very good reason; where better to place a vault or two), SARB (The South African Reserve Bank) is the country's central bank; its purpose to protect the value of the currency, and to achieve and maintain financial stability.
Its governor from 8 August 1999 to 8 November 2009, Tito Mboweni, is something of a celebrity. The eighth Governor of the South African Reserve Bank he was also one of the World Economic Forum's Global Leaders of Tomorrow and, aside from an obvious enthusiasm for fly fishing and soccer, has proved a prudent and reliable governor who approaches money with a solidness that has earned him much respect.
The Reserve Bank implements the country's monetary policy, guided on the one hand by its consideration of economic developments and on the other, its goal to achieve monetary stability. Thus the bank regulates both the cost of money and its accessibility.
The South African Reserve Bank is also custodian of most of South Africa's gold and foreign exchange reserves, controls the country's Mint Company and issues banknotes printed by the South African Bank Note Company, a subsidiary of the bank. The South African Reserve Bank also works with the general public, creating awareness campaigns such as the one warning of the perils of get-rich-quick schemes or pyramid schemes.
The South African Reserve Bank introduced a system of repurchase transactions, or repos, in 1998 as a way to manage liquidity in the money market. The repo rate is now the most important indicator for short-term interest rates, and is the price at which the central bank lends cash to the banking system.
Need to Know
Where370 Helen Joseph Street, Pretoria, Gauteng, South Africa
WhenBest viewed during daylight hours
Telephone+27 (0)12 313-3911
OvernightStay in Pretoria Accommodation, Gauteng
Disclaimer
Please note, business details can change. While we endeavour to ensure all information provided by the service provider is correct at the time of publication, we do not assume any liability caused by errors or changes, such as price, cost, time, and location. Please check with the provider that the activity/business is still offered as described, before making any travel plans.
Feedback?
If this is your attraction, you can let us know if anything on this page is outdated or contains inaccuracies, by email. We regret, we do not have any other information, please contact the provider if you have questions.
Additional Reading
You might also be interested inIn the vicinity
Hotels & other accommodation options in Pretoria
Court Classique Suite Hotel
Court Classique Suite Hotel offers accommodation in Arcadia, am upmarket suburb in Pretoria. Court Classique Suite Hotel offers a choice of class...
De Zoete Rust Guest House
De Zoete Rust Guest House is centrally situated with easy access to all amenities and access roads, less than 2 km from major shopping centres an...
Menlyn Maine 1419
Menlyn Maine 1419 offers Pretoria self catering in an apartment located in the area of Waterkloof Glen. The apartment features a balcony with cit...
Ciara Lodge
Ciara Lodge is a lovely place to stay and assures you of a great atmosphere. The thatched accommodation are fully equipped for and furnished to a...
The Wild Olive Guesthouse
The Wild Olive Guest House offers accommodation in 16 standard rooms. All rooms have an en-suite bathroom and facilities include free Wi-Fi Inter...
37 On Anderson
37 On Anderson is just 700m from the University of Pretoria main entrance, less than 1km from the Loftus Stadium and within 2km of various Embass...
Red Square Home
Red Square Home offers accommodation in Pretoria within a gated community in the serene and exclusive part of Pretoria East called Erasmuskloof. ...
Casta Diva
Casta Diva offers accommodation in a boutique hotel that has the rustic charm of an historic mansion and offers a world of luxury surrounded by n...
Things to do in the area
Market On Main
Market on Main Johannesburg saw such resounding success in the City of Gold (Gauteng) that the city of Pretoria has followed suit and was proud t...
Ditsong Museum of Natural History
The Ditsong National Museum is one of the largest and most impressive natural history museums in South Africa. The museum houses many collection...
Bloed Street Mall
At the Bloed Street Mall you will find a taxi rank in the basement and with the centre situated in the Pretoria CBD this makes transport easily a...
National Library of South Africa
The National Library of South Africa (NLSA) in Pretoria holds a collection of South African published books, rare manuscripts, maps, newspapers, ...
The Javett Art Centre
Staying overnight in Pretoria gives visitors so many opportunities to experience the culture and beauty of South Africa. The University of Pretor...
Accommodation convenient to South African Reserve Bank
FIND / South Africa Accommodation / Gauteng Accommodation / Northern Gauteng Accommodation / Pretoria Accommodation