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South African Reserve Bank
The South African Reserve Bank (SARB) 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. The SARB was only the fourth central bank established outside the United Kingdom and Europe, the others being the United States, Japan and Java. The earliest suggestions for the establishment of the Central Bank in South Africa date back to 1879. A select committee, of ten members of Parliament, was established on 31 March 1920 to examine the benefits to the national interest of the establishing of the central bank. Following on the recommendations of the committee, the South African Reserve Bank opened for business on 30 June 1921, making it the oldest central bank in Africa. The first banknotes were issued to the public by the Bank on 19 April 1922. Set of ZAR notes 2012 to present R 104 000 000 000.0 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pretoria
Pretoria () is South Africa's administrative capital, serving as the seat of the executive branch of government, and as the host to all foreign embassies to South Africa. Pretoria straddles the Apies River and extends eastward into the foothills of the Magaliesberg mountains. It has a reputation as an academic city and center of research, being home to the Tshwane University of Technology (TUT), the University of Pretoria (UP), the University of South Africa (UNISA), the Council for Scientific and Industrial Research (CSIR), and the Human Sciences Research Council. It also hosts the National Research Foundation and the South African Bureau of Standards. Pretoria was one of the host cities of the 2010 FIFA World Cup. Pretoria is the central part of the City of Tshwane Metropolitan Municipality which was formed by the amalgamation of several former local authorities, including Bronkhorstspruit, Centurion, Cullinan, Hammanskraal and Soshanguve. Some have proposed ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister Of Finance (South Africa)
The Minister of Finance is a minister in the Cabinet of South Africa who is the political head of the National Treasury. The Minister of Finance is responsible for the financial management of government affairs, drawing up the budget, and developing economic policy (in cooperation with the Minister of Economic Development and the Minister of Trade and Industry). The Minister of Finance is also responsible for the South African Revenue Service. List, 1910-present References External linksOfficial website {{SACabinet Finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ... * Lists of political office-holders in South Africa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Central Banks
. Central banks Central banks Central banks This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*). Disappeared central banking jurisdictions * – Bank of Amsterdam (1609-1791) * – Taula de canvi de Barcelona (1401-1714) * – East African Currency Board (1919-1966) * – (''Hrvatska Državna Banka'', 1941-1945) * – National Bank of Czechoslovakia (1926–1939 and 1945-1950) and State Bank of Czechoslovakia (1950–1992) * – (1854-1875) * – Bank of Saint George (1407-1805) * – (1948-1968) and Staatsbank der DDR (1968-1990) * – Hamburger Bank (1619-1875) * – Bank of Korea (1909–1950) * – Central Bank of Manchou (1932-1945) * - Bank of Issue in Poland (1940-1945) * – (1765-1846) and (1847-1875) * – (1849-1861), itself formed through the merger of (1846-1849) and Banca di Torino (1847-1849) * – National Bank of Vietnam (1954-1975) * – Banco di Napoli, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Central Banks Of Africa
There are two African currency unions associated with multinational central banks; the West African Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) and the Central African Banque des États de l'Afrique Centrale (BEAC). Members of both currency unions use the CFA Franc as their legal tender. Below is a list of the central banks and currencies of Africa. See also * Africa * Economy of Africa * List of African countries by GDP (nominal) * List of African stock exchanges There are 29 exchanges in Africa, representing 38 nations' capital markets. 21 of the 29 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*). The Eg ... * List of currencies in Africa References World Economic Outlook Database, October 2012 International Monetary Fund. Accessed on October 10, 2013. {{DEFAULTSORT:Central Banks And Currencies Of Africa Africa-related lists Currencies of Afric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BankservAfrica
BankservAfrica is an automated clearing house located in Johannesburg, South Africa and operates both nationally and within Africa. Annually processing billions of transactions valued at trillions of South African rand; BankservAfrica's clients include banks, corporates, government and the retail sector. By volume of transactions alone, it is rated as Africaʼs largest automated payments clearing house. History Prior to the establishment of BankservAfrica, the South African banking industry owned several companies that provided shared services to the industry in a number of different payment channels. As these companies operated in silos, a need was identified for a single structure and an interbank task group was appointed to investigate the feasibility. BankservAfrica was founded in 1972 as the Automated Clearing Bureau (Pty) Limited to service the banking industry by providing interoperability between the banks. In December 1993 the name changed to Bankserv and in 2010 the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Pound
The pound (Afrikaans: ''pond''; symbol £, £SA for distinction) was the currency of the Union of South Africa from the formation of the country as a British Dominion in 1910. It was replaced by the rand in 1961 when South Africa decimalised. In 1825, an imperial order-in-council made sterling coinage legal tender in all the British colonies. At that time, the only British colony in Southern Africa was the Cape of Good Hope Colony. As time went on, sterling and its associated coinage became the currency of every British territory in Southern Africa. At that time sterling followed the Carolingian monetary system of a pound divided into 20 shillings, each of 12 pence. History The pound sterling became the standard currency of the Cape of Good Hope colony in 1825 following an imperial order-in-council that was issued for the purpose of introducing sterling coinage into all British colonies. British coins then replaced the Dutch currency. Before a unified South Africa, many au ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gill Marcus
Gill Marcus (born 10 August 1949) is a former Governor of the South African Reserve Bank, being the ninth person and the first and only woman to hold the position. Life and career Early years Marcus was born in Johannesburg, South Africa. Her grandparents were Jewish immigrants from Lithuania; both of her parents were born in South Africa. Exile Both her parents were anti-apartheid activists and members of the South African Communist Party (SACP). They went into exile in 1969, together with Gill, her two sisters and brother. She completed her degree by correspondence with the University of South Africa, with a BComm in Industrial Psychology in 1976. She joined the SACP and the African National Congress (ANC) in 1970 and began working for the exiled ANC's Department of Information and Publicity (DIP) in London, later becoming the DIP's deputy secretary. Return Marcus returned to South Africa in 1990 after the ANC was unbanned. She established the ANC's Information Departm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tito Mboweni
Tito Titus Mboweni (born 16 March 1959) is a South African politician who served as Minister of Finance of South Africa in the government of President Cyril Ramaphosa from 2018 to 2021. Mboweni was the eighth Governor of the South African Reserve Bank and the first Black South African to hold the post. He was sworn in as Minister of Finance on 9 October 2018, following Nhlanhla Nene's resignation. Mboweni is a founding member of Mboweni Brothers Investment Holdings and a former international advisor of Goldman Sachs International. He has been appointed as a non executive Director for South Africa at the New Development Bank (BRICS Development Bank). Early life and career The youngest of three children, Tito Mboweni was born on 16 March 1959. He grew up in Tzaneen in the Limpopo Province. He attended the University of the North between 1979 and 1980, where he registered for a Bachelor of Commerce degree. He did not complete his studies there and left South Africa to go into e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chris Stals
Dr. Christian Lodewyk Stals, better known as Chris Stals (born 13 March 1934) was the seventh Governor of the South African Reserve Bank, serving from 8 August 1989 to 7 August 1999. He succeeded Dr. Gerhard de Kock who had died in office. He obtained a BComm degree from the University of Pretoria During his term, South Africa's constitutional arrangements were changed again. The Second Republic was superseded by the Third Republic. It was also during his term that South Africa returned to the Commonwealth of Nations. It was President Nelson Mandela who kept Dr. Stals in office. Stals was succeeded by Tito Mboweni Tito Titus Mboweni (born 16 March 1959) is a South African politician who served as Minister of Finance of South Africa in the government of President Cyril Ramaphosa from 2018 to 2021. Mboweni was the eighth Governor of the South African Rese .... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gerhard De Kock
Dr. Gerhardus Petrus Christiaan de Kock better known as Gerhard de Kock (14 February 1926 – 7 August 1989) was the sixth Governor of the South African Reserve Bank. He was the son of Dr. M.H. de Kock, who was the third Governor of the South African Reserve Bank. South Africa's constitutional arrangements were changed during his term in office. The 1st Republic was superseded by the 2nd Republic in late 1984. Dr. de Kock was the first (and only) Governor of the South African Reserve Bank to die in office. His term was from 1 January 1981 until his death on 7 August 1989. He was succeeded by Dr. Chris Stals. As early as 1951 Dr Gerhardus de Kock was engaged by the Reserve Bank to do specialised research on a part-time basis. At the end of 1955 he joined the Bank as an economist. Shortly after his appointment at the Bank he was chosen to represent the Bank at the first course presented by the Bank of England for foreign bank officials in London. As from 1 July 1962 the position ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theunis Willem De Jongh
Theunis Willem de Jongh was the fifth Governor of the South African Reserve Bank. His term of office was from 1 July 1967 to 31 December 1980. He was succeeded by Gerhard de Kock Dr. Gerhardus Petrus Christiaan de Kock better known as Gerhard de Kock (14 February 1926 – 7 August 1989) was the sixth Governor of the South African Reserve Bank. He was the son of Dr. M.H. de Kock, who was the third Governor of the South .... References Afrikaner people Governors of the South African Reserve Bank Living people 20th-century South African businesspeople 20th-century South African economists Year of birth missing (living people) {{SouthAfrica-business-bio-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gerhard Rissik
Gerard Rissik (21 February 1903 – 4 October 1979) was the fourth Governor of the South African Reserve Bank. His term of office was from 1 July 1962 to 30 June 1967. He was succeeded by Dr. Theunis Willem de Jongh Theunis Willem de Jongh was the fifth Governor of the South African Reserve Bank. His term of office was from 1 July 1967 to 31 December 1980. He was succeeded by Gerhard de Kock Dr. Gerhardus Petrus Christiaan de Kock better known as Gerhard .... References 1903 births 1979 deaths Governors of the South African Reserve Bank 20th-century South African businesspeople 20th-century South African economists {{SouthAfrica-business-bio-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
