The South Africa Reserve Bank (SARB) controls the major aspects of the countrys financial structure.
All this power leads to questions like who owns the South African Reserve Bank.
This article will address that and more, including SARB careers and contacts.
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It is also the oldest central bank in the continent.
Learn everything about the SA Reserve Bank below.
Who owns the South African Reserve Bank?
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Currently, it has more than 750 shareholders.
The OTCSTF market was introduced on October 1st, 2005.
Other than that, there are no other limitations to owning shares in the Reserve Bank of South Africa.
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However, there have been discussions geared towards nationalising the institution.
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Who controls SARB?
The board is composed of a governor and three deputy governors.
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A government position remains vacant.
What does the South African Reserve Bank do?
Its many functions include the following:
1.
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Acting as advisor and banker for the government
3.
Managing the monetary and banking system
It performs this function through:
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Where is SARB located?
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The South African Reserve Bank Pretoria headquarters are situated at 370 Helen Joseph Street.
Instead of the South African Reserve Bank logo, the name is written on the building for clarity.
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She has a Bachelor of Commerce & IT from the University of Nairobi and joined Briefly.co.za in November 2019.
The writer completed a Google News Initiate Course.
you could email her at perisrodah254@gmail.com.
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