In many developing economies, there may be a lack of skills, and combining these diverse functions into one institution may be helpful from the perspective of achieving economies of scale. But even if it were the case that the South African Reserve Bank granted loans to the agricultural sector or small businesses, these loans would not be financed by ‘printing money’.
Rather, such an arrangement would disburse funds raised in the money and capital markets at competitive rates, or it would be funded by grants from government and/or multilateral organisations.