To consolidate the laws relating to the South African Reserve Bank and the monetary system of the Republic; and to provide for matters connected therewith.

Latest Developments:

Financial Sector Laws Amendment Act 23 of 2021 has updated and made Amendments to:

Banks Act 1990

Competition Act 1998

Co-operative Banks Act 2007

Companies Act 2008

Financial Institutions (Protection of Funds) Act 2001

Financial Markets Act 2012

Financial Sector Regulation Act 2017

Insolvency Act 1936

Insurance Act 2017

Mutual Banks Act 1993

South African Reserve Bank Act 1989

as per Notice No. 789, of GG45825, dated 28 January 2022

The South African Reserve Bank Act, 1989 (Act No. 90 of 1989) has been updated to notify the Dimension of, Design for and Compilation of the Year 2021 to 2023, Second Series of the “Africa’s Big 5” coins, as per Notice No. 343 of GG44680 dated 11 June 2021.

The South African Reserve Bank Act, 1989 (Act No. 90 of 1989) has been updated to notify the Dimension of, Design for and Compilation of coins for 2021, as per Notice No. 677 of GG43941 dated 27 November 2020.

The South African Reserve Bank Act, 1989 (Act No. 90 of 1989) has been updated to notify the issue of a Commemorative R2 coin, as per Notice No. N555 of GG43787 dated 9 October 2020.

The South African Reserve Bank Act, 1989 (Act No. 90 of 1989) has been updated by Directive 1 of 2020 – Directive for conduct within the national payment system in respect of domestic card transactions, as per Notice No. R181 of GG43033 dated 21 February 2020.

The South African Reserve Bank Act, 1989 (Act No. 90 of 1989) has been updated by Regulations relating to Minimum Reserve Balance to be maintained by Banks, as per Notice No. R.491 of GG14676 dated 19 March 1993.

The South African Reserve Bank Act, 1989 (Act No. 90 of 1989) has been amended as per Schedule 4 of the Financial Sector Regulation Act, 2017. Gazette Number 41549 - Notice 169 dated 29 March 2018.

The South African Reserve Bank Act, 1989 (Act No. 90 of 1989) has been amended by Financial Services Laws General Amendment Act, 2013. Government Gazette 37351 dated 18 February 2014.

The South African Reserve Bank Act, 1989 (Act No. 90 of 1989) has been amended by Government Gazette 33552, dated 13 September 2010 – Notice R. 808; Regulations relating to the South African Reserve Bank.

The South African Reserve Bank Act, 1989 (Act No. 90 of 1989) has been amended by the South African Reserve Bank Amendment Act, 2010 (Act No. 4 of 2010), Government Gazette 33538, Notice No. 801, dated 9 September 2010.