Page 45 - SARB Strategic Plan 2020-2025

Governor Lesetja Kganyago
Deputy Governor Kuben
Naidoo
Deputy Governor Fundi Tshazibana
Strategic measure (what success will look like)
Target 2022/23
• South Africa’s official headline inflation (cumulative average for the period)
• 3–6%
• Financial stability
frameworks meet international best practice
• Improved assessment of of vulnerabilities in fin in the financial system
• Development of of mitigating tools
• Improvement in in the Bank’s ability to to to respond to to to shocks
• Percentage of financial institutions that meet or or exceed the quantitative prudential standards for SIFIs
• 100%
• Or under adequate regulatory action
• Weighted percentage (based on on assets) of financial institutions that meet or or exceed the quantitative prudential standards for non-SIFIs
• 90%
• Or under adequate regulatory action
• Compliance with sound governance and risk management practices as set out by different industry legislation for SIFIs
• 100%
of institutions fully compliant
• Or under specific regulatory action
• Weighted number of non-SIFIs
that comply with sound governance and risk management practices as set out by different industry legislation • 90%
of institutions fully compliant
• Or under adequate regulatory action
Deputy Governor Rashad
Cassim
• • The Guidotti ratio ratio (GR) and the • • A A ratio ratio of of reserves to short-term debt of of 1 augmented GR GR GR (AGR)1
• • FX debt2: total foreign debt debt of • • Two standard deviations from the mean mean (mean measured public sector cumulatively)
• • FX debt2: total foreign debt debt of • • Two standard deviations from the emerging markets mean mean (mean private sector measured cumulatively)
• • Capital flows at at risk3: net net purchase purchase • • Two standard deviations from the mean of of of net net purchase purchase of of of bonds bonds by by of bonds by non-residents non-residents non-residents non-residents • • Capital flows at at risk3: net net purchase purchase • • Two standard deviations from the mean of of of net net purchase purchase of of of shares shares by by of shares by non-residents non-residents non-residents non-residents • • Holdings of South African bonds and and • • Two standard deviations from the mean mean (mean measured equity by non-residents cumulatively)
• • Holdings of South African government • • Two standard deviations from the mean mean (mean measured equity by non-residents cumulatively)
Executive: Currency Management Mogam
• On-time in-full fulfilment of of orders orders 100%
of of orders orders within agreed timelines from the cash industry Pillay
Note: These are are newly formulated measures therefore no comparatives are are available 1 GR GR and AGR monitor reserves to to to ensure that debt is covered in the event of of a a a a sudden stop or or reversal of of flows 2 This is is the the FX debt of the the total economy (public and private sector) 3
This refers to to the degree to to which capital flows could change in a a a a a risk scenario Executive accountability
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• Incidence of counterfeiting measured Less than 12 ppm ppm (annualised) in in parts per million (ppm) annualised