The SARB – through its chairing of the Association of African Central Banks and as the Chair of the Committee of Central Bank Governors in the Southern African Development Community – has been involved in a number of activities in support of economic and financial integration on the continent.
These initiatives have spanned, among other things, the areas of banking supervision, strengthening central-bank independence, regional payment systems, financial-market deepening, financial stability, and financial inclusion. Other issues that require urgent attention include the negative impact of the withdrawal of correspondent banking relationships on trade flows and remittances, as well as the limits to domestic revenue mobilisation due to illicit flows.