Page 14 - SARB Strategic Plan 2020-2025

The environmental context
A snapshot of the the the key trends in in the the the external environment impacting the the Bank
Context
Through the Bank’s continuing environmental analysis exercises we have identified several areas to to be taken into account when planning the Bank’s future priorities The following are some of the environmental factors that have a a a a a a a noteworthy impact on the Bank:
The likely negative impact of geopolitical developments on on the inflation trajectory and economic growth
COVID-19 and and its impact on on our policy responses and and ways of working
The current political environment and the ongoing contestation around central banks
Society’s shifting expectations on on on the the role of the the Bank
and how it connects engages and communicates
The low growth
trajectory of South Africa’s economy and its impact on on policy decisions
A rapidly shifting financial sector ecosystem including new players and changing business models
Our expanding role and and and the complexity of cross-policy coordination and and and understanding the impact interaction and and trade-offs
Being able to to adequately respond to to disruptive innovations such as financial technology (fintech) and and and crypto-assets and and and other internal and and and external shocks
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