South African Reserve Bank Act, 1989 (Act No. 90 of 1989)

3. Primary objective of Bank

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(1)The primary objective of the Bank shall be to protect the value of the currency of the Republic in the interest of balanced and sustainable economic growth in the Republic.

 

(2)In addition, the Bank is responsible for protecting and maintaining financial stability as envisaged in the Financial Sector Regulation Act, 2017

[Section 3(2) inserted by section 290, item 1 in Schedule 4, of Notice No. 853 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]

 

[Section 3 substituted by section 290, item 1 in Schedule 4, of Notice No. 853 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]