The Board of the Bank has delegated its powers on important monetary policy decisions to a sub-committee of the Board, known as the Governors’ Committee and comprising the Governor and three Deputy Governors. There is also an Audit Committee and a Human BIS Review 24/1997  -2-  Resources Committee of the Board that meet regularly on aspects of internal finance and administration.
The full Board meets four times a year. The Bank has a total staff of about 1900 people and operates from its Head Office in Pretoria and seven branches maintained in the major cities of South Africa. 2. Why must inflation be controlled? The main task of the Reserve Bank is to protect the value of the currency.