There is also no mechanism through which the shareholders, or indeed even the Board, can influence these policies. Furthermore, the South African Reserve Bank Act 90 of 1989 caps shareholder dividends at 10 cents per share per annum.
With two million shares on issue, and a limit of 10 000 shares per shareholder and associates, the total dividend payment by the SARB to its shareholders is R200 000 per year, and a maximum of R1 000 per shareholder per year.