Lesetja Kganyago: Encouraging South Africans to participate in their Reserve Bank

Remarks by Mr Lesetja Kganyago, Governor of the South African Reserve Bank, at the press conference to announce the sale of SARB shares to the general public, South African Reserve Bank, Pretoria, 2 March 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Members of the media, ladies and gentlemen.

We have called today's media briefing to make South Africans aware of the opportunity to buy shares of the South African Reserve Bank (SARB).

How did these shares become available? 

Some of you will recall that the SARB Act1 was amended in September 2010 to, among other things, limit the shareholding in the SARB to 10 000 shares each for a SARB shareholder and their associates. This means that no shareholder and their immediate family, and/or associates, can collectively own more than 10 000 SARB shares.