IMF Staff Country Reports

South Africa: Central Bank Transparency Code Review

December 2, 2024

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "South Africa: Central Bank Transparency Code Review", IMF Staff Country Reports 2024, 320 (2024), accessed December 2, 2024, https://doi.org/10.5089/9798400294983.002

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Summary

The South African Reserve Bank (SARB) sets a high benchmark for transparency and is considered by the external stakeholders one of the most reputable and effective public institutions in South Africa, and globally. The SARB’s transparency practices are broadly aligned with expanded and comprehensive practices as defined by the IMF Central Bank Transparency Code (see Table 1). The SARB’s commitment to open and transparent communications, as embedded in its 2025 Strategic Plan, is highly valued by its external stakeholders.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Auditing, Central Banks, Crime, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Financial statements, Foreign exchange, Internal audit, International reserves, Macroprudential policy, Monetary policy, Monetary policy frameworks, Public financial management (PFM)

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Auditing, Financial sector stability, Financial statements, Internal audit, International reserves, Lender of last resort, Liquidity, Macroprudential policy, Monetary policy frameworks

Publication Details

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