The average Reserve Bank employee is paid R1.4 million a year

The Reserve Bank pays its employees an average of around R1.4 million a year as it competes with private financial institutions for scarce skills needed to manage the country’s monetary policy, financial stability, and banking system. View online Tuesday, 19 May 2026 Your daily update The average Reserve Bank employee is paid R1.4 million a year The Reserve Bank pays its employees an average of around R1.4 million a year as it competes with private financial institutions for scarce skills needed to manage the country’s monetary policy, financial stability, and banking system. South Africans filling up with petrol and diesel hit with double tax South African motorists are paying twice for road maintenance, through various fuel levies and increasingly widespread toll roads, as more is handed over to SANRAL to maintain. Prominent shopping mall in South Africa’s richest city is getting a major makeover Fortress Real Estate Investments has acquired a controlling stake in Balfour Mall and plans a major redevelopment and precinct regeneration project. New R18 billion privately-funded city being built in South Africa’s richest province Calgro M3 has broken ground on the Phase 1 bulk and link infrastructure at the group’s new Bankenveld District City Development. Business and Technology News End of an era for SPAR South African retailer SPAR is closing the chapter on the UK, confirming the sale of its UK business. 64% sales jump in South Africa that few saw coming Early movers in the public EV charging sector in South Africa are starting to rake in energy sales. Must read WeBuyCars goes from hero to zero WeBuyCars’ latest financial results painted a picture of a company struggling to maintain its momentum and adapt to a changing environment. Top economist shares good news about interest rates in South Africa Investec chief economist Annabel Bishop said May is not expected to see an interest rate hike, despite inflationary pressures from the Middle East war building. Well-known take-away pizza brand opening new branches across South Africa Debonairs Pizza, which is owned by Famous Brands, has opened 36 new restaurants this year, giving more South Africans access to its offering. Well-known South African petrol station brand under siege over diesel claims TotalEnergies is in hot water over its claim that its Excellium Diesel D10 improves engine performance and delivers environmental benefits. More stories

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