# reserve-bank

- Link: https://dearsouthafrica.co.za/reserve-bank/
- Published: 2020-11-08T21:59:07+02:00
- Author: dearSA

[Browse the DearSA website ](https://dearsouthafrica.co.za/pdps/)

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### The Parliamentary Standing Committee on Finance invites the public to comment on the South African Reserve Bank Amendment Bill [B26 – 2018], which amends the South African Reserve Bank Act, 1989 (Act No.90 of 1989).

The bill aims to (among other things);

 * Provide for the appointment of certain Board directors by the Minister
 * Provide for the tenure of office of appointed directors
 * Deal with the filling of casual vacancies for appointed directors
 * Make the State the sole holder of the shares in the Bank
 * Give the Minister the power to appoint auditors of the Bank
 * Give the Minister the power to make regulations relating to the appointment of
   appointed directors.

### **30015 **participants (closed 16 November)

[view DearSA's report on the public participation ](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2020/11/20190835/SARB-Amendment-Bill-report-1-1.pdf)

[view the memorandum of objects (details) ](https://dearsouthafrica.co.za/reserve-bank/summary)

[click to download a PDF of the public comments (8.9mb) ](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2020/11/20190838/reservebank-B26-2018-web-s.pdf)

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uploads/2020/11/20190845/reserve-bank-amendment-bill.jpg "reserve bank amendment
bill")

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## [CLOSED] Have your say – shape this policy.

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### SUMMARY

### The South African Reserve Bank Amendment Bill [B26 – 2018] aims to:

 * Amend the South African Reserve Bank Act, 1989, so as to delete certain definitions
 * Insert a definition
 * Provide for the appointment of certain Board directors by the Minister
 * Provide for the tenure of office of appointed directors
 * Deal with the filling of casual vacancies for appointed directors
 * Make the State the sole holder of the shares in the Bank
 * Repeal certain sections
 * Give the Minister the power to appoint auditors of the Bank
 * Give the Minister the power to make regulations relating to the appointment of
   appointed directors; and
 * Provide for matters connected therewith.

### IN THE MEDIA

 * ChaiFM – [New Blue Review with Benji Shulman (Rob Hutchinson as guest).](https://www.chaifm.com/wp-content/uploads/2020/11/2020.11.09-Rob-Hutchinson-MD-of-Dear-South-Africa-a-nonprofit-which-facilitates-public-participation-in-government-decision-making-process.mp3)

### DOWNLOAD DOCUMENTS

 * [Legal opinion from Parliamentary legal services](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2020/11/20190844/200825MEMORANDUMs.pdf)
 * [The Amendment Bill [B26-2018]](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2020/11/20190845/B26-2018_SA_Reserve_Bank-s.pdf)

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### ENABLING YOU TO SHAPE GOVERNMENT POLICY

Dear South Africa is a legally recognised and constitutionally protected non-profit
platform which enables the public to co-shape all government policies, amendments
and proposals. We’ve run many successful campaigns and have amassed a considerably
large active participant network of over 750,000 individuals across the country 
and beyond.

**We do not run petitions.** We run legally recognised public participation processes
which allow citizens to co-form policy at all levels of governance. Whereas petitions,
even if they contain thousands of signatures, are considered as a single submission
by government, our process ensures that each comment made through dearsouthafrica.
co.za is recognised and counted as an individual submission by government.

Furthermore, we keep an accurate record of all participation and produce a publicly
available report at the end of each project. This report forms the foundation of
a sound legal case should the necessity to challenge the decision arise.

Participation costs you NOTHING, and is so easy and quick to do through the platform
that you really have no excuse not to help shape policy BEFORE it becomes law. Legally
challenging implemented law is costly and rarely successful. Prevention is better
than cure.

Participation in decision-making processes means a possibility for citizens, civil
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