The four subsidiary companies of the Bank, namely the South African Mint Company, the South African Bank Note Company, the South African Reserve Bank Captive Insurance Company and the Corporation for Public Deposits, achieved their objectives during the financial year.
After a review of reports by their boards of directors, and internal and external auditors, the Bank is satisfied that the subsidiaries have continued to be managed in accordance with their objectives and best corporate governance practice. The results of the subsidiaries are reported on a consolidated basis with those of the Bank in the financial statements in the Annual Report 2008/09.