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10 cards from this deck
South African Reserve Bank
Banker's bank - oversees banking system & economy stability
Monetary policy, financial efficiency, public education
ABSA, Nedcor, Investec, Standard Bank, FirstRand Group
Over 80%
Rate SARB charges commercial banks for borrowing
Higher borrowing costs, slows economy, cuts inflation
Cheaper borrowing, stimulates economy & growth
Minister of Finance (each February)
Erodes public confidence in banking system
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