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South African Reserve Bank
 
 
     
 
 

Market Operations 

The task of implementing monetary policy decisions is undertaken by the Bank's Financial Markets Department through a range of refinancing operations conducted with the commercial banks as counterparties and which are executed at or with a spread to the repo (policy) rate. In addition to the refinancing operations the Financial Markets Department also conducts a range of open market operations to influence the liquidity in the money market. Market operations are undertaken in both the domestic and foreign exchange markets. 
  
Contact Details:
 
MARKET OPERATIONS DIVISION
Mr CJ Hugo
DEPUTY HEAD
Tel: (012) 313 4755
Fax: (012) 313 3969
 
 
Market Operations Unit
Mr T Khosa
ASSISTANT HEAD
Tel: (012) 313 4184
Fax: (012) 313 3969
 
 
     
 
 
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