South African Reserve Bank | Company Profile - Revenue, Headcount, Tech Stack, Contacts

The South African Reserve Bank (SARB) is the central bank of South Africa, established in 1921. It is the oldest central bank in Africa and the southern hemisphere. Formed in response to monetary and financial challenges following World War I, the institution is privately owned with commercial banks holding shares.

The SARB's main responsibilities include formulating and implementing monetary policy for price stability, issuing banknotes and coins, supervising the financial services sector, and managing the national payment system. Additional roles involve managing the country's gold and foreign-exchange reserves, acting as banker to the government, administering exchange controls, and serving as a lender of last resort in exceptional circumstances. Throughout its history, the SARB has focused its mission on maintaining financial and price stability in accordance with the nation's Constitution.