The South African Reserve Bank (SARB) continually reviews the appropriateness and effectiveness of its open market operations (OMOs) and makes amendments where necessary. The Monetary Policy Committee (MPC) announcement for March is scheduled for Thursday, 20 March 2025. This will be followed by a public holiday on Friday, 21 March 2025. The SARB rules indicate that during the week of the MPC, the SARB should conduct a two-day and a five-day main repurchase (repo) auction to allow banks to use the new prevailing repo rate.