These are the 18 biggest banks in south africa including. Department of justice and constitutional development annual report 20182019. Your feedback, comments andor questions can be forwarded to s l sheenagh reynolds, the secretary of the bank, at sheenagh. South african airways group integrated report for the year ended 31 march 2017 9 creating sustainable value. Digital disruption in the south african banking sector. Annual consumer price inflation has been between approximately 3. Combined annual report of the supervisors of the co. Conscious of the fact that south africa seeks to implement the national. Building on two world bank reports the poverty and inequality assessment and theforthcoming systematic country diagnostic this 11th edition of the south africa economic update argues that. Sabor south african benchmark overnight rate sec securities and exchange commission us sasfr south african secured financing rate sarb south african reserve bank saron swiss average rate overnight scsts steering committee for sor transition to sora singapore selic average interest rate on overnight repurchase agreements brazil. University enrollment rate in south africa and selected countries, 2015 32.
Note that not all annual reports are available in english. South african reserve bank annual report 2016 kaggle. Promoting the economic wellbeing of south africans. Mr patrick maumela south african reserve bank phone. Applying ifrs 9 will significantly affect the disclosures included in the financial statements of a banking entity. On an annual basis, net gold export earnings rose from r63. In terms of section 32 of the south african reserve bank act, 1989, the bank publishes a monthly statement of its assets and liabilities and submits its annual report to parliament. South african reserve bank sarb had, for the past seventy years, been responsible for the drawing up and publication of the expenditure side of national accounts. This issue of the bank supervision department annual report 2016 focuses mainly on the 12month period ending 31 december 2016. Management of the south african money and banking system.
Market structure and competition in the south african. The sarb is pleased to present its annual report for the year ended 31 march 2018. Mr n mashiya is the sarb supervisor of cooperative banks and. Growth projections for south africa and other emdes 21 figure 2. Cybersecurity 2020 laws and regulations south africa iclg. In june 2016, a joint effort of stats sa and the sarb. Malaba defrauded the south african reserve bank sarb and should be criminally charged and held liable through civil proceedings, the report by advocate terry motau, titled the great bank heist says.
South africas human opportunities, 2015 28 figure 2. In our 2017 report, we proposed a number of levers that the four universal banks could pull to remain successful and relevant in the future. The south african constitution prescribes the primary mandate of the sarb, which is to protect the value of the currency in the interest of balanced and sustainable economic growth. On this site you will find the annual reports of the new organisation as well as of the old organisations. Lesetja kganyago, governor of the south african reserve bank october 19, 2019 we extend our deepest sympathies to the people and government of the bahamas for the loss of human lives and the devastating impact of the recent natural disaster. This article considers shareholding in the sa reserve bank against the background of legislative amendments promulgated in 2010 and legal action instituted by the sa reserve bank against certain. The south african reserve bank sarb is the central bank of south africa. Its functions include the formulating and implementing of south africas. The south african reserve bank sarb is the reserve bank of the republic of south africa. However, as the committee has continued to emphasize, the actual path of the federal funds. The full annual financial statements are available on the south african reserve bank s website za. In june 2016, a joint effort of stats sa and the sarb culminated in the successful publication by stats sa of a set of national accounts covering both the production.
The south african bank note company rf proprietary limited. What about the private shareholders influence on the reserve bank board of directors. South africas consumption expenditures 2011 source. The africa report uses cookies to provide you with a quality user experience, measure audience, and provide you with personalized advertising. Meanwhile, the reserve bank recorded profit before tax of r1.
Annual report on this site you will find the annual reports of the new organisation as well as of the old organisations. Mandate the reserve bank is required to achieve and maintain price stability in the interest of balanced and sustainable economic growth in south africa the achievement of price stability is quantified by the setting of an inflation target by government that serves as a yardstick against which price stability is measured. South african household spent r16,319 on transport in one year statssa, 20. Reserve bank of new zealand south african reserve bank sustainable banking network. Between 2 august 20 and 30 june 2018, documents were published under the name barclays africa group limited. The sarb was only the fourth central bank established outside the united kingdom and europe, the others being the. Stals, to the nedlac executive council in johannesburg on 28297. The group amended its accounting policy for ucount expenses to be recognised against net fee and. South african police service annual report 20182019. It is my pleasure to submit the 201516 annual report of statistics south africa for the period 1 april 2015 to 31 march 2016, in compliance with section 72c of the statistics act, 1999 act no.
Labor market status and skills increasingly contribute to inequality 29. South africas political transition is known as one of the most remarkable political feats of the past century. The reports looked at long and short term trends within the south african economy. Stals elucidates the functions of the south african. South african reserve bank sarb 2007 annual economic report.
South african reserve bank annual report 201718 home. Market structure and competition in the south african banking. Globalization and monetary policy institute 2011 annual report federal reserve bank of dallas 3 the african continent and is bounded to the north by zambia, to the east by mozambique, to the south by south africa and to the west by botswana and the caprivi strip of namibia. University access and wage inequality, 200615 31 figure 2. South african reserve bank annual report 201718 downloads. Annual report of the supervisors of the cooperative banks development agency and the south african reserve bank 2014 3 1. The annual financial statements were approved by the board on. Governors address 104 abbreviations 107 glossary 111 contact details 112 this annual report contains the summarised group annual financial statements for the year ended 31 march 2015. This report forms part of the sarbs public accountability and responsibility to a broad range of stakeholders. This issue of the bank supervision department annual report 2017 focuses mainly on the 12month period ending 31 december 2017. South african reserve bank definition investopedia. On an annual basis, net gold export earnings rose from r63 billion in 2014 to r68 billion in 2015. Hyperinflation in zimbabwe federal reserve bank of dallas. At 390,757 square kilometers 150,871 square miles, zimbabwe is.
The mandate to the south african reserve bank the south african reserve bank was established in 1921 in terms of a special act of parliament. Department of trade and industry annual report 20182019. Conference the economics of climate change hosted by the federal reserve bank of san fransisco. South african revenue service annual report 20182019. Bank supervision department south african reserve bank. A main issue was that the inflation rate had been above the target range for six months. By continuing on the africa report, you agree to the use of cookies under the terms of our privacy policy. For the year ended 31 march 2017 south african airways. Combined annual report of the supervisors of the cooperative. The establishment of the reserve bank the south african reserve bank was established in 1921 as the central bank of south africa in terms of a special act of parliament.
Protects the purchasing power and living standards of all south africans, particularly the poor who have limited means of protecting themselves against continually rising prices. South african reserve bank sustainable banking network sustainable insurance forum. The federal reserve, the central bank of the united states, provides the nation with a safe, flexible, and stable monetary and financial system. Our integrated report south african airways group integrated report for the year ended 31 march 2017. South african reserve bank annual report 2016 reserve bank annual report. The south african reserve banks annual report, published on tuesday, said there were no obvious threats to the stability of the south african financial system, although reforms to the central banks financial stability body had been made. Annual report 201617 book 1 18 august 2017 excl fin. South african reserve bank cyclical indicators 27 figure 1. In this report we focus our attention on the digital entrants threatening to disrupt the south african banking sector, highlighting four.
Us sasfr south african secured financing rate sarb south african reserve bank saron swiss average rate overnight scsts steering committee for sor transition to sora singapore. The south african reserve bank sarb recently published its annual bank supervision report for 2017, which details the state of the countrys registered banks to 31 december 2017. Stals elucidates the functions of the south african reserve bank presentation by the governor of the south african reserve bank, dr. Chapter 2 provides data and an analysis of aggregated information of cooperative banks. Motau was appointed by the prudential authority to investigate possible fraud following the collapse of vbs earlier this year.
Government communication and information system annual report 20182019. South africa reduce its high dependency on commodity price movements, which do not look favorable for the country in the medium term. Combined with a 1,5 per cent increase in the physical quantity of net gold exports in the final quarter of 2015, the export proceeds of south african gold producers advanced by 11,3 per cent over the period. Concentration in the south african bank industry source. The impact of ifrs 15 will vary, depending on the precise nature of a banks business. Sarb south african reserve bank sassa south african social security association. The data shown in this page correspond to the data described on the international monetary funds dissemination standards bulletin board dsbb. South african reserve bank annual report and financial. The annual report of the south african reserve bank the sarb or the bank and its subsidiaries the group covers the period 1 april 2014 to 31 march 2015. Address by mr t t mboweni, governor of the south african reserve bank, at the pretoria council for businesswomen, pretoria, held on 14 march 2000. South african reserve bank annual report and financial statements 2003.
The ruling african national congress anc has been driving the policy agenda since 1994. The cooperative banks annual report 201718 annual report begins with an overview of the organisational developments in the south african reserve bank sarb. It was established in 1921 after parliament passed an act, the currency and bank act of 10 august 1920, as a direct result of the abnormal monetary and financial conditions which world war i had brought. Cybersecurity 2020 laws and regulations south africa. The south african reserve banks directive on cloud computing and data offshoring, effective from october 2018 and which applies to all banks imposes obligations on banks to implement a formally defined and board approved data strategy and data governance framework.
576 140 1212 501 952 605 1207 712 1164 617 891 200 955 48 643 1328 1282 1684 822 437 478 737 1658 143 296 738 773 297 1288 1095 185 1686 63 1417 33 707 314 133 974 521 801 1030 705 478 1489