The transparency of the South African Reserve Bank
The South African Reserve Bank (SARB) is a central bank. It is the public institution responsible for managing the South African monetary policy. Any decisions taken by the bank and how these decisions are communicated affect all the participants in the economic activity of the country. This study...
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| Format: | Article |
| Language: | English |
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University of Johannesburg
2022-11-01
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| Series: | Communicare |
| Subjects: | |
| Online Access: | https://journals.uj.ac.za/index.php/jcsa/article/view/2073 |
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| Summary: | The South African Reserve Bank (SARB) is a central bank. It is the public institution responsible
for managing the South African monetary policy. Any decisions taken by the bank and how these
decisions are communicated affect all the participants in the economic activity of the country.
This study undertook a thematic analysis of the media releases, monetary policy statements
and SARB Governors’ speeches delivered between 2008 and 2009. It revealed that the SARB,
through having achieved a relatively high level of economic and policy transparency, achieved
lower procedural and political transparency. The results also indicate that, despite there being an
increased demand for the accountability of organisations to a broad spectrum of stakeholders,
the SARB directs most of its communications to only a relatively limited group of stakeholders.
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| ISSN: | 0259-0069 2957-7950 |