The role of the SARB The South African Reserve Bank mandate as set out in the Constitution is to protect the value of the currency in the interest of balanced and sustainable economic growth in South Africa. Price stability is generally viewed as a critical element of the foundation of an economy and contributes towards achieving economic growth, development and employment creation.
The achievement of price stability, in the case of South Africa, is quantified by the setting of an inflation target by government that serves as a yardstick against which price stability is measured. The achievement of price stability is furthermore underpinned by the stability of the financial system and financial markets.