There is no change in the solidarity contribution applying to pensions of over € (equal to 5 per cent of the part from € to € and 10 per cent of the amount exceeding € Transfers to local government.
Like other countries, South Africa is drawing lessons from the financial crisis and the changing role of central banks. Our mandate has been clarified to more explicitly include a financial stability responsibility, and we are working on clarifying the role of financial stability in monetary policy formulation and implementation, having elevated the status of the Financial Stability Committee in the Bank.