EXPLAINER | Kuben Naidoo's Reserve Bank resignation, why it matters and what happens next
When a senior member of the South African Reserve Bank leaves before their term is up it can rattle confidence and shake the rand. The inner workings of the Reserve Bank - which is independent, but also an integral part of the state - can be confusing.South Africa's financial stability relies heavily on the SA Reserve Bank. It's the central bank that oversees all other lenders operating in the country and ensures their capital levels are sound. It sets interest rates.
It carries out financial surveillance, does stress testing of our financial system and is deeply involved in risk management and the supervision of foreign exchange flows. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
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