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The South African Reserve Bank privately owned by more than 800 share holders accross the world.

The South African Reserve Bank (SARB) stands out among central banks globally due to its distinctive ownership model. Unlike most central banks, which are fully state-owned, the SARB is privately owned, with over 800 shareholders holding approximately two million shares. The SARB was established in 1921 under the Currency and Banking Act of 1920, modeled partly on the Bank of England’s structure at the time, which also had private shareholders. Today, the SARB’s shareholder base includes a mix of South African and international entities, such as individuals, companies, and institutions. Notable South African shareholders include major financial institutions like Absa Bank, Discovery Limited, FirstRand Bank, and Standard Bank, each holding 10,000 shares. International shareholders from countries such as Germany, France, the United Kingdom, the United States, and Norway also hold stakes, reflecting the SARB’s global reach.To prevent concentrated control, the SARB imposes a cap...

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