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Celebrating 100 years! 10 facts about the South African Reserve Bank

Jul 19, 2021 | FinGlobal
The South African Reserve Bank celebrated its centenary on the 30th of June, 2021. With this momentous milestone in mind, let’s reflect on 100 years of SARB, as well as the history of South African money.
History of SARB
The South African Reserve Bank (SARB) is the central bank of SA, established in 1921 by the Currency and Bank Act of 1920 to counter abnormal fiscal conditions post World War I.
SARB is the oldest central bank in Africa, and it opened for business on 30 June 1921, issuing its first notes to the public on 19 April 1922.
At the time, banknotes issued to the public by commercial banks needed to be backed by gold, but when the price of gold in the UK climbed, a profit could be turned by converting banknotes into gold in SA and then selling it in London. ....

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Minister Tito Mboweni: South African Reserve Bank's Centenary celebration

Minister Tito Mboweni: South African Reserve Bank's Centenary celebration
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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SA Reserve Bank helped curb runaway prices, helping vulnerable South Africans, says IMF boss

SA Reserve Bank helped curb runaway prices, helping vulnerable South Africans, says IMF boss
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

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CLASSIC ESSAYS: The hijacking of Mandela's legacy – The Greanville Post

The death of Nelson Mandela, at age 95 on 5 December 2013, brings genuine sadness. As his health deteriorated over the past six months, many asked the more durable question:
how did he change South Africa
? Given how unsatisfactory life is for so many in society, the follow-up question is,
how much room was there for Mandela to maneuver
? South Africa now lurches from crisis to crisis, and so many of us are tempted to remember the Mandela years – especially the first democratic government – as fundamentally different from the crony-capitalist, corruption-riddled, brutally-securitised, eco-destructive and anti-egalitarian regime we suffer now. But were the seeds of our present political weeds sown earlier? ....

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