Physical address and contact detail:
South African Reserve Bank
370 Helen Joseph Street
P O Box 427
+27 12 313 3911
+27 12 313 3925
The founding of the South African Reserve Bank was necessitated by events before and immediately after World War I and formed part of a more comprehensive set of measures dealing with unsatisfactory monetary and financial conditions at that time.
The Currency and Banking Act, 1920 (Act No. 31 of 1920) ("Currency and Banking Act") provided, among other things, for the establishment of the South African Reserve Bank ("the Bank"). The first Governor of the Bank was appointed with effect from 17 December 1920 and the Bank opened its doors for business for the first time on 30 June 1921.