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© 2021 South African Reserve Bank
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No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the written permission of the South African Reserve Bank.
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The contents of this publication are intended for general information purposes only and are not intended to serve as financial or other advice. While every precaution has been taken to ensure the accuracy of information, the South African Reserve Bank shall not be liable to any person for inaccurate information and/or opinions contained in this publication.
Published by
South African Reserve Bank P O Box 427
Pretoria
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Republic of South Africa
ISBN (print): 978-1-920556-23-5 ISBN (online): 978-1-920556-24-2
To access this publication electronically, go to www.resbank.co.za























































































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