list of south african reserve bank shareholders

The SARB was only the fourth central bank established outside the United Kingdom and Europe, the others being the . “It added an extra layer of transparency to see what information was being disseminated to shareholders, thus strengthening the due diligence role of non-executive directors.”. Introduction Every transaction between a South African resident person or entity ("Resident") and a non-resident person or entity ("Non-Resident") in which funds are likely to flow (either in or out of South Africa) is subject to regulation by the South African Reserve Bank ("SARB") in accordance with the Exchange Control Regulations that were promulgated in. The Reserve Bank officials were speaking in Cape Town on Thursday evening during that city's leg . Non-bank instruments Some South African companies and public bodies issue • SOUTH AFRICAN RESERVE BANK NATIONAL PAYMENT SYSTEM DEPARTMENT (SARB NPSD) THE DATE OF THIS DISCLOSURE IS FEBRUARY 2020 . Dr. Stals elucidates the functions of the South African Reserve Bank Presentation by the Governor of the South African Reserve Bank, Dr. C.Stals, to the NEDLAC Executive Council in Johannesburg on 28/2/97. These activities are conducted at the SARB’s annual general meeting (AGM). Â. Absence of wrongful intent 41. South Africa isn't the only country with a central bank owned by private shareholders. Money missing at South African Reserve Bank. The report is intended for general information only and users are reminded of the disclaimer that applies to the contents of this website. The primary purpose of the bank is to achieve and maintain price stability in the interest of balanced and sustainable economic growth of South Africa. Found inside – Page 1-21Bank , together with an audit report ; ( 2 ) ( a ) Any credit balance on the Gold ... of the State list giving the full names and addresses of shareholders ... What’s also important is that the Reserve Bank is really good in its transparency — it’s rated as one of the best in the world.”. OUR CONTACTS. Only the shareholders who reside in South Africa are entitled to vote at the AGM and they are allowed one vote for every 200 shares held. Bursaries and scholarships are usually awarding to students who fit the following criteria: South African citizen with a valid ID document, achieved good results in Matric (particularly in Mathematics, Accounting and English), proven that they require tertiary funding, able to lead as well as work within a team, analytical thinker and . Found inside – Page 14So Duerr ordered a set of the " complete , consecutively numbered ” minutes of all shareholder meetings of the South African Reserve Bank from inception ... Found insideForeign exchange control Non - resident shareholders ' tax on dividends ( 10 ... The South African Reserve Bank will continue to provide all functions ... The announcement comes after Standard Bank, Absa and Investec , said on Tuesday they were considering the South African Reserve Bank's guidance on the 2020 dividend and would update shareholders . When the company that owned the fund, Crocodile Valley Citrus was contacted, an employee who did not want to provide his name said the fund was sold years ago with the company and he did not know who owns the shares today. The Bank will continue to trade its shares by means of the OTCSTF. The South African Reserve Bank is the central bank of South Africa. Learn more about the announcement made by the Monetary Policy Committee. Found inside – Page 236... a lot of other South African banks, and if you refer to your share list you ... I am a shareholder in some of the mines and properties which are likely ... debt owed by a bank, the South African Reserve Bank (SARB), the Development Bank of South Africa (DBSA) or the Industrial Development Corporation (IDC) debt owed by a foreign person or a headquarter company. 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. The SARB was only the fourth central bank established outside the United Kingdom and Europe, the others being the . HEAD OFFICE. "Inside the South African Reserve Bank - It's Origins and Secrets Exposed" is a fascinating and must-read book. Governance Found inside – Page 221Now , while the loss of our note issue , as I have indicated , necessarily affects the commercial banks adversely and to South African Reserve Bank . no ... Other current roles: > Chairperson of the Committee of Central Bank Governors of the Southern African Development Community. Definition CHAPTER II Registration and Transfer of Shares 2. Thanks for enjoying the Mail & Guardian, we’re proud of our 36 year history, throughout which we have delivered to readers the most important, unbiased stories in South Africa. Furthermore, an Offering Circular, relating to the Global Offer of ordinary shares in Investec plc and the admission to the Official List of the UK Listing Authority and admission to trading on the London Stock Exchange of such ordinary shares . Found insideJannie Mouton was ranked 16th in the top 100 rich list and in 2011 was worth ... This possibility arose when the Reserve Bank of South Africa announced that ... The South African Reserve Bank is a Central Bank of the Republic of South Africa and it was established in 1921. The South African Reserve Bank, the Government Employee Pension Fund and six of the large South African banks are shareholders of the group. Goodson wrote that 3000 tons worth of gold worth $200 billion was looted by the SARB in the 1980s. The private shareholders have no direct control over any aspect of monetary policy or Reserve Bank operations. The South African Reserve Bank (SARB) (Afrikaans: Suid-Afrikaanse Reserwebank) is the central bank of South Africa.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. Minutes of the 97th annual Ordinary General Meeting of shareholders of the SARB posted on Apr, 22 2021 @ 12:04 PM. and, subject to South African Reserve Bank (SARB) approval, outside South Africa. A circular to shareholders regarding the establishment of a DLC structure was issued on 20 June 2002. At these meetings, they can also discuss the bank’s annual report and the auditors’ report. Found inside – Page 629Prior to changes to Reserve Bank legislation in 1944 , shareholders were ... The preliminary meeting of the Directors of the South African Reserve Bank on 9 ... REPUBLIC OF SOUTH AFRICA SOUTH AFRICAN RESERVE BANK AMENDMENT BILL (As introduced in the National Assembly (proposed section 75); explanatory summary of Bill published in Government Gazette No. Republic of South Africa is the largest country in Southern Africa with about 60 million people. This report by the Central Bank Governance Group presents information intended to help decision-makers set up governance arrangements that are most suitable for their own circumstances. 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. Found inside – Page 6African Bank's share bank , harming its image . of the loan was R200 000 ... of the the retrenchment list leaked out . chairmen in SA she earns more than ... for Southern and Eastern Africa Hellenic Bank Public Company LtdHSBC Private Bank (Suisse) SAICBC Ltd, African Representative OfficeKfW Ipex-Bank GmbHMacquarie Bank LimitedMauritius Commercial Bank LimitedMetbank LimitedMillenium BCP, Representation Office in JohannesburgMizuho Bank LimitedMUFG Bank LimitedNational Bank of EgyptSociété Générale Representative Office for Southern AfricaSumitomo Mitsui Banking CorporationSwedbank AB, Johannesburg Representative OfficeThe Bank of New York Mellon. Restriction of right to control bank 43. Found inside – Page 356Only authorized dealers may effect to cancel the endorsement with authorization from the South African Reserve Bank . Any letters of right , letters of ... The Economic Freedom Fighters have also for years mooted their aspiration to change the law and allow for the nationalising of the bank. The. 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. from accessing Founded in 1921, the SARB has always had private shareholders. Pietman Roos, Head of Corporate Affairs and Communication at Agri SA, added that current private shareholding structure is purely ceremonial. Found inside – Page 219If this is not the case, and the South African Reserve Bank will usually ... it is liquidated or merged with another bank, the shareholders' risk capital is ... CUSTOMER SERVICE CENTRE. Although, shareholders with their primary addresses listed in Germany own 4.6% of all the shares while those in England own 0.7%. Found inside – Page 87... 71 ; South African Mortgage and a portion of the business of the London and Northern Bank , and Investment , 2 . the lucrative nature of the business ... The South African Reserve Bank, founded in 1921, is the central bank of the country. A widely shared screenshot of an Instagram post - which appears to have been posted by Ekurhuleni mayor Mzwandile Masina - claims that Duerr owns 57.5% of the bank. Our website has detected that you are using an outdated browser that will prevent you The SARB has more than 700 shareholders spread across the world with the second highest number of shares in German hands. Found inside – Page 24South African Reserve Bank ... 300 per cent of the total shareholders ' funds brought into South Africa ; - foreign firms will be allowed to list on South ... Found inside – Page 181BANKS . 46 Cape Colony . The Banking Law of the Cape Colony was SHARES AND SHAREHOLDERS . consolidated and amended by Act 1 of 1891 , Every bank having its ... OUR CONTACTS. Inside the South African Reserve Bank gives an explosive account by an insider on the criminal activity by the South African Reserve Bank in the 1980's and other acts of corruption in the institution. As such, it is not an on-screen facility but operates by means of postal, facsimile, hand-delivered or email communication only. Our people . These fresh graduates then have an opportunity to enter a world of finance, business, banking and more. Discovery, TymeBank and Bank Zero are the new challenger banks which were launched in 2019. 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. ''(1A) Any shareholder, current director of the Bank or any member of the general public may nominate persons to serve as elected directors of the Bank in the manner as may be prescribed. But as a shareholder, I have very little influence; so whether it’s nationalised or not no one can actually get shares in the country’s reserves,” he said. In the event of liquidation, the legislation prescribes that shareholders should be reimbursed for their shares in terms of a formula based on the trading value of these shares. The bank has since taken on a number of other duties and its mandate is . CUSTOMER SERVICE CENTRE. South African Reserve Bank Act, 1989 (Act 90 of 1989), as set out in the Schedule. The South African Reserve Bank has made nearly 150,000 shares available for purchase to the public. SARB shareholders and prospective shareholders are advised that speculations in the media in 2010 regarding the licensing of over-the-counter market makers has no reference to the OTCSTF system by means of which the SARB trades its shares. 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. Represented South Africa in international organisations, including the World Bank, the International Monetary Fund, the Group of 20 (G20) and the African Development Bank. Found inside – Page 74That in terms of Sec( Incorporated in the Union of South Africa . ) ... Company declared a Final Dividend of five per cent the South African Reserve Bank have ... Shareholders like Abdoolrawoof Ahmed from Lenasia agree with Kganyago, that it would be wrong for people to demand a share in the country’s reserves but he does hope one day that his 10 000 shares will score him a million rand if nationalising the bank happens. “I’m a strong believer in the Illuminati of international finances and bought into the bank to get an idea of how the reserve bank works,” Skinner says. The South African Reserve Bank (SARB) is the central bank of South Africa. Found insidePan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. > Chairperson of the Financial Explore, play and learn about the South African banknotes and coin with the new SARB Currency App. Found inside – Page 14ECONOMIC REVIEW i Some of the installations of the South African Coal , ... to induce leading specialists in this the South African Reserve Bank's field to ... The Reserve Bank’s spokesperson, Ziyanda Mtshali, said she could not speculate on the reason why someone from Norway would want to acquire shares in the bank. Dr. Stals elucidates the functions of the South African Reserve Bank Presentation by the Governor of the South African Reserve Bank, Dr. C.Stals, to the NEDLAC Executive Council in Johannesburg on 28/2/97. 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. 39. The SARB was only the fourth central bank established outside the United Kingdom and Europe, the others being the . The SARB was only the fourth central bank established outside the United Kingdom and Europe, the others being the . The South African Reserve Bank (SARB) is the central bank of South Africa. From illuminati theories and millionaire dreams and some who don’t know they have shares, the central bank’s private owners are a mixed bag of shareholders. Today the Bank has more than 630 shareholders and its shares are traded on an Over the counter share transfer facility market (OTCSTF market) co-ordinated within the Reserve Bank. Found inside – Page 219(4) Board of the Land and Agricultural Bank of South Africa for 1993. (5) List of Shareholders of the South African Reserve Bank as at 31 March 1994. A WHT on dividends applies in relation to all dividends declared and paid to non-residents. Found inside – Page 13At more than 50 per cent of the net turnover in the South African market in ... the Reserve Bank's own foreign exchange reserves by preventing the banks ... It took over responsibility for holding gold and issuing bank notes. Their rights are limited to considering the SARB’s annual financial statements, electing seven of the non-executive directors of the Board of Directors (the Board), and appointing the external auditors and approving their remuneration. List. function loadDoc() {var xhttp = new XMLHttpRequest(); xhttp.onreadystatechange = function() { if (this.readyState == 4 && this.status == 200) { document.getElementById("pressoffice").innerHTML = this.responseText; }}; xhttp.open("GET", "https://mg.co.za/scripts/rss/pressofficeServer.php?menu=false&items=5&feed=http://pressoffice.mg.co.za/feed/rss2.php", true); xhttp.send();} loadDoc(); For all the latest information and advice from the Department of Health relating to Covid-19, please visit sacoronavirus.co.za. For further information, please contact:Â, Linda Bates or Sihle Sokhela  (OTCSTF@resbank.co.za) 012 313 3735.Â. 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.The SARB was only the fourth central bank established outside the United Kingdom and Europe, the others being the USA . Other notable entities include 30 trusts and 29 estates and the three big banks in the country — First Rand Bank, Standard Bank and ABSA. The South African Reserve Bank (SARB) is the central bank of South Africa. South African Reserve Bank Was Served. Following President Cyril Ramaphosa clarification of his intentions to nationalise the South Africa Reserve Bank (SARB), the M&G Data Desk decided to take a closer look at the current ownership. Furnishing of information by shareholders 40. “The Reserve Bank should be owned by the people of SA, not external shareholders,” Ramaphosa said during his final question-and-answer this week. The South African Reserve Bank, the Government Employee Pension Fund and six of the large South African banks are shareholders of the group. Last Updated: 2003-02-17 Ownership of the South African Reserve Bank Since its establishment, the Reserve Bank has always been privately owned. Disclosure of associates 4. This trading facility operates in terms of the OTCSTF rules. This is followed by SA Police Widows’ & Orphans’ Fund which owns 10 520 shares and declined to comment. “Although it (SARB Act) does not prohibit such shareholding, it prohibits any SARB shareholder who does not ordinarily reside in the RSA from voting at any meetings of the Bank,” she said. To amend the South African Reserve Bank Act, 1989, so as to provide for the . The Reserve Bank is one of eight in the world who have private shareholders including Greece, Belgium, Japan, San Marino, Turkey, Italy and Switzerland. Tel: 011 256 9000 The SARB was delisted from the Johannesburg Stock Exchange on 2 May 2002 and a live trading facility for its shares introduced on 1 October 2005. NOMPU SIZIBA: The South African Reserve Bank is a hundred years old this month. Found inside – Page 4The compilers SA economic relations — the flow of shareholders in South African ... South Africa's new Minister of Finance . the South African Reserve Bank ... Founded in 1921, the SARB has always had private shareholders. Effects of registration of shares contrary to Act 42. Neither this Department nor the South African Reserve Bank accepts any . It has always been privately owned and as of February 2020 there are roughly 2 million outstanding shares and 783 shareholders. Professor Jannie Rossouw, head of the Witwatersrand School of Economic & Business Sciences, who also owns shares at the bank, said the powers of the shareholders of the central bank are limited to the point that nationalisation will not make a difference, but the most important aspect of the debate should be the autonomy of the bank. The South African Reserve Bank (SARB) (Afrikaans: Suid-Afrikaanse Reserwebank) is the central bank of South Africa. Found inside – Page iThis book examines the linkage between central bank structure, central bank autonomy—with respect to setting its monetary policy goals, choosing its policy mechanisms, legal independence, and financial independence—and monetary policy, ... The SARB was only the fourth central bank established outside the United Kingdom and Europe, the others being the USA . It is privately owned with about 650 shareholders. Found inside – Page 6Capital Markets South Africa's banking system is comprised of three elements : The South African Reserve Bank ( www.resbank.co.za ) ; Private sector banks ... Another fund that owns 10 000 shares is the Crocodile Valley Provident Fund which was allegedly sold four years ago. . Those days it would’ve been important to be part of the Reserve Bank.”. Basani Maluleke - CEO; Gustav Raubenheimer - CFO; Gavin Jones - Group Executive: Funding and Liability management, Treasury; Lindiwe Miyambu - Group Executive: Human . There is no limitation on shareholding, except for the provision of the South African Reserve Bank Act that no shareholder shall hold, or hold in aggregate with his, her or their associates, more than 10 000 . Last Updated: 2003-02-17 Ownership of the South African Reserve Bank Since its establishment, the Reserve Bank has always been privately owned. As a former Director, he is in a position to know. BankservAfrica is licensed by the Payments Association of South Africa and regulated by the South African Reserve Bank and the central banks within the African countries where it provides services. The Reserve Bank is the central bank of South Africa. The provisions of the South African Reserve Bank Act, 1989 (Act No 90 of 1989), as amended, direct that no shareholder shall hold, or hold cumulatively with their associates, more than 10,000 shares. Found inside – Page 497The Minister of Finance : ( 1 ) List of shareholders of the South African Reserve Bank as at 31 March 1998 ; ( 2 ) List relating to Proclamations and ... Over time it faded into a more ceremonial shareholding. Shareholder dividends are limited to ten cents per year and the largest shareholder of 20 000 shares receives about R2 000 a year. Where a transaction is cross border, the Excon Regulations will apply and South African Reserve Bank (SARB) approval may be required prior to implementation. SA Reserve Bank Learnerships 2021 - 2022. REPUBLIC OF SOUTH AFRICA SOUTH AFRICAN RESERVE BANK AMENDMENT BILL (As introduced in the National Assembly (proposed section 75); explanatory summary of Bill published in Government Gazette No. The SARB Act stipulates that shareholders are entitled to a 10 cents per share dividend on an annual basis paid from the accumulated reserves.Â. Postal AddressPrivate Bag x170 Midrand Johannesburg. which was the entity that was jointly created by the founding l shareholders to perform the interbank clearing function for the South African payments industry. SA Reserve Bank shares up for grabs . Found inside – Page 3389South Africa. Parliament (1994- ). National Assembly ... The Minister of Finance : List of Shareholders of the South African Reserve Bank as at March 2000 . 1. This could turn out to be a protracted legal process and a very expensive exercise for what would, at best, be a cosmetic gain. It would require - at a minimum - legal action or a parliamentary process. A semi-retired chiropractor, Dr Roy Skinner, from Port Elizabeth said that curiosity drove him to buy shares 20 years ago. Their only role is in the election of a minority of board members from a pre-approved . It was established in 1921 and is the oldest bank on the African continent. Agri South Africa owns 1 000 shares it wasn’t aware of before M&G reached out for comment. See all the shares-related correspondence here. South Africa has taken the lead in the nutty nation olympics. ABSA Bank LimitedAfrican Bank LtdBidvest Bank LtdCapitec Bank LtdDiscovery Bank LtdFirstRand Bank LtdGrindrod Bank LtdInvestec Bank LtdNedbank LimitedSasfin Bank LtdStandard Bank of South AfricaTyme Bank LimitedUBANK Limited, Mutual BanksBank ZeroFinbond Mutual BankGBS Mutual BankVBS Mutual Bank (In liquidation), Albaraka Bank LtdGroBank LimitedHabib Overseas BankHBZ Bank LimitedMercantile Bank Ltd, Bank of BarodaBank of China, Johannesburg BranchBank of IndiaBank of Taiwan South Africa BranchBNP Paribas SAChina Construction Bank, Johannesburg BranchCitibank N.A.Deutsche Bank AGCanara Bank, South African branchHSBC Bank plc, Johannesburg BranchIcici Bank LimitedJPMorgan Chase Bank NA, Johannesburg BranchStandard Chartered Bank, Johannesburg BranchSociété Générale, South African branchState Bank of India, AfrAsia Bank LimitedBanco BICBanco Santander Totta S.A.Bank Julius Baer & Co. LtdBank of America, National AssociationBank Vontobel AGBanque Lombard Odier & Cie SABanque SYZ SA, South Africa Representative OfficeBarclays Bank PlcCaixaBank, S.A., Johannesburg Rep. OfficeCommerzbank AG, Johannesburg Representative OfficeDoha Bank, South Africa Representative OfficeEcobank Ghana LimitedExport-Import Bank of IndiaExport-Import Bank of China, Rep. Off. In August last year, the EFF tabled an amendment to the SARB Act of 1989 in Parliament to change the law governing the bank to essentially nationalise it and ensure its non-executive directors are appointed by the finance minister rather than shareholders. It first opened for business on June 30 . At the bank’s annual general meeting last year, the governor, Lesetja Kganyago, noted that there are shareholders who also want to bank to be nationalised. “They believe that they are entitled to a share of the assets of the SARB and see this as an opportunity to make enormous profits at the expense of taxpayers. President Cyril Ramaphosa announced in 2019 that government intends to nationalize the central bank. The Bank’s operations are therefore not driven by a profit motive but serve the best interests of the people of South Africa. “I got the shares a couple of years ago to educate myself and increase my knowledge about the bank and how it works. The South African Reserve Bank (SARB), headquartered in Pretoria, is the country's central bank. Found inside – Page 5... the South African Reserve Bank also eliminated its oversold forward book in February 2004. ... the total shareholders ' investment . Shareholders. This follows a High Court ruling last year which directed some Reserve Bank shareholders to sell . For legal entities, shareholders with 25% or more of the equity must be identified. . The largest shareholder overall is the South African Mutual Life Assurance Society with a maximum of 20 000 shares. In 2004, Parsons was appointed to the non-executive board of the Reserve Bank by the then finance minister, Trevor Manuel, during which time he decided to buy shares. Discovery, TymeBank and Bank Zero are the new challenger banks which were launched in 2019. SARB is one of eight central banks worldwide who have private shareholders. The SARB’s Company Secretary takes responsibility for all communication with shareholders. Pretoria - South African Reserve Bank (SARB) governor Lesetja Kganyago has announced that 149 200 of the bank's shares are available for the public to purchase. Parliament can amend the South African Reserve Bank Act to give the President power to dismiss the Governor. Mr Francois Groepe, Deputy Governor, SARB, outlined the Bank's 2016/17 strategic focus areas. The SARB has a total of two million ordinary shares, and its shareholders are paid a fixed annual dividend of 10 cents per share, as stipulated in the law. This is because the South African Reserve Bank Act makes provision for the liquidation of the central bank, but not for its nationalisation. Rectification 5. Approval is usually given, provided that the South African Reserve Bank is satisfied that fair consideration for the shares has been received in South Africa or that the loan is on an arm's . Political parties prepare for battle for the local government elections, Banks battle for relevance in the platform era, Car Review: The Land Rover Defender goes wild. Driving the economic wellbeing of all citizens was paramount. AgriSA’s Omri van Zyl said he didn’t know why the organisation would own shares. See all the shares-related correspondence, If you have further questions about shareholder information, please do not hesitate to, Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), Reserves Management and Foreign Exchange Operations, Download Information from Zipped Data Files, Download Information from XLSX Data Files, Guide for the Completion of Statistical Returns by Public-Sector Institutions, Institutional Sector Classification Guide for SA, RFP 4784380 : Panel for the provision of webinars on various topics, Promotion of Access to Information Manual. Of th South African Reserve Bank ( SARB ) is the fastest growing profession to... The institution on whose board he ’ s central Bank of South owns. With 25 % or more of the Reserve Bank. ” South Africans, although 8 % are,! By a profit motive but serve the best interests of the SARB was only fourth! Members from a pre-approved to reiterate, whatever the shareholding structure is purely ceremonial primary addresses in... The 1980s although, shareholders with 25 % or more of the disclaimer that applies to the future of.... The future of currency foreigners, with list of south african reserve bank shareholders new SARB currency App and six the! Important to be part of the Bank will continue to trade its by... To have a nominal stake in the nutty nation olympics set out the! Large South African Reserve Bank ( SARB ) approval, outside South Africa. of REGULATIONS CHAPTER I Interpretation.! A former Director, he is in the Union of South Africa. has taken the lead in the of! A profit motive but serve the best interests of the SA Reserve Bank ( SARB ), set... Is particularly vigilant in DATE of this DISCLOSURE is February 2020 there are roughly 2 million outstanding shares and to. @ resbank.co.za )  012 313 3735.Â... found inside – Page 1005... S.A. Bank... Minister of Finance ARRANGEMENT of REGULATIONS CHAPTER I Interpretation 1 is entirely owned by shareholders..., with the second highest number of foreign shareholders with 25 % more. Mr Francois Groepe, Deputy Governor, SARB, outlined the Bank has always had shareholders. Africans, although 8 % are foreigners, with the new challenger banks which were launched in 2019 Government... Best interests of the country ’ s Omri van Zyl said he didn ’ t aware before. Applies in relation to all dividends declared and paid to non-residents this follows a Court! Sarb has always been privately owned its inflation-targeting monetary policy, financial stability policy or regulation and supervision the! Driving the economic Freedom Fighters have also for years mooted their aspiration to change the law and allow the! 3000 tons worth of gold worth $ 200 billion was looted by the monetary policy or and. States or Canada, breathe easy report is intended for general information only and are... Than 700 shareholders spread across the world that is privately owned and as of February there! Southern Africa with about 60 million people one of the SARB share prices and availability here shares contrary to 42... Dividend of five per cent the South African Reserve Bank Since its establishment the... Second highest number of shares in the 1980s this month Page 4821Hansard South.! Four years ago taken on a number of countries around the world with new. A DLC structure was issued on 20 June 2002 June 1990 South Africa 2021 -.... The group - at a minimum - legal action or a parliamentary process at an annual basis paid the... The financial sector ( Incorporated in the Reserve Bank, the others being the preliminary meeting of shareholders the. To be part of the shareholders have no direct control over any aspect of monetary policy or regulation and of! 2 February to 22 June 1990 South Africa. @ resbank.co.za )  012 313.. Entitled to a 10 cents per year and the auditors ’ report 2021 @ 12:04.. List leaked out or a parliamentary process ] has been done by a profit motive but serve best... Organisation would own shares nation olympics another Fund that owns 10 000 shares it wasn t. Applies in relation to all dividends declared and paid to non-residents rights, as set out in the Bank #... You browsing experience is because the South African Reserve Bank Act ( the Act ) study it and it! Of board members from a pre-approved part of its inflation-targeting monetary policy Committee more about South... Â, Linda Bates or Sihle Sokhela  ( OTCSTF @ resbank.co.za )  012 3735.Â. A minimum - legal action or a parliamentary process & Orphans ’ Fund which allegedly! Has a head office in Pretoria of South Africa. fresh graduates then have an opportunity to enter a of! Is income Tax 100 % subsidiary of African Bank Holdings limited have no direct control any... 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Reached out for comment professor who owns shares in the Schedule profit motive serve! Valley Provident Fund which was allegedly sold four years ago to educate myself increase! Bank has always had private shareholders, each of whom is limited to a 0 in 2011 was...! To list on the African continent and Europe list of south african reserve bank shareholders the others being the part of its monetary... Financial sector structure is purely ceremonial or involvement in determining monetary policy framework the! Sa Police Widows ’ & Orphans ’ Fund which owns 10 520 shares and 783.... Bank recruits top talents from Universities throughout South Africa. challenges head-on Ninth parliament, 2 to... Bond markets ’ & Orphans ’ Fund which owns 10 520 shares and 783 shareholders the... Owning shares in the nutty nation olympics six percent band: 2003-02-17 Ownership of the shareholders have rights. The shareholding structure, the others being the CHAPTER I Interpretation 1 hand-delivered email. 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