The PA has provided guidance covering accounting matters and imposed a limit to the payment of dividends and bonuses by banks and insurers to ensure the conservation of capital and retained capacity in an environment of heightened uncertainty caused by COVID-19.
Page - 5 - of 9  Expected impact of the South African Reserve Bank’s response  The SARB’s policy responses are an important element of providing support to the economy. Interest rate decisions are expected to play an important role in replacing displaced income.