South African Reserve Bank — central bank that signed a revised cooperation agreement with Bank of Namibia on cross-border financial supervision and monetary coordination in April 2026.
South African Reserve Banksignedrevised Memorandum of Understanding with Bank of Namibia
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“THE Bank of Namibia (BoN) and the South African Reserve Bank (SARB) have signed a revised Memorandum of Understanding (MoU) to further strengthen institutional cooperation between the two central banks.”
South African Reserve Banksignedrevised agreement to strengthen cross-border cooperation and financial stability
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“The Bank of Namibia (BoN) and the South African Reserve Bank (Sarb) on Tuesday signed a revised agreement to strengthen cross-border cooperation and financial stability.”
South African Reserve Bankcutrate in November 2025
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“In December, the central bank reduced the repo rate by 25 basis points to 6.50%, following the South African Reserve Bank (SARB) 's rate cut in November 2025.”
South African Reserve Bank (SARB)left interest rates unchanged at11.75% – a 10 year high
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“The last few South African Reserve Bank's (Sarb) Monetary Policy Committee (MPC) announcements have left interest rates unchanged at 11.75% – a 10 year high as interest rates remain extremely high.”
South African Reserve Bankhas started working withblockchain technology to create a decentralised ledger for bank transactions
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“Barclays, one of the oldest and arguably most visionary banks to date, has already implemented this technology in its system, and even the South African Reserve Bank has started working with it to create a relatively decentralised ledger that keeps track of all transactions between banks in South Africa.”
The Bank of Namibia announced its repo rate will remain at 6.50% until mid-June, keeping commercial bank prime lending rates at 10%. The central bank cited weak domestic economic activity, higher inflation forecasts for 2026, and the need to maintain the Namibia dollar's peg to the South African rand in its decision.
Why it matters
Bank of Namibia holds repo rate steady, signalling monetary policy stability amid inflation and currency peg concerns.
The Bank of Namibia announced its repo rate will remain at 6.50% until mid-June, keeping commercial bank prime lending rates at 10%. The central bank cited weak domestic economic activity, higher inflation forecasts for 2026, and the need to maintain the Namibia dollar's peg to the South African rand in its decision.
ANC veteran Tokyo Sexwale has disputed President Cyril Ramaphosa's explanation of US dollars stolen from his Phala Phala farm, calling it a "cock-and-bull story" and demanding Ramaphosa appear before the impeachment committee. Ramaphosa has said the cash was proceeds from cattle and game sales to a Sudanese businessman and was left at the farm to secure future purchases before being stolen.
FNB Namibia expects the central bank to keep the repo rate mostly unchanged in 2026 as inflation risks, weak economic growth, and exchange rate volatility pressure the economy, with the need to protect the currency peg and maintain import cover limiting scope for interest rate cuts despite mining inflows.
The Bank of Namibia has announced the repo rate will remain unchanged at 6.50% until mid-June, keeping commercial banks' prime lending rates at 10%. The central bank says the stance is necessary to safeguard the Namibia dollar's peg to the South African rand, citing weak domestic economic activity and higher inflation forecasts for 2026.
The Bank of Namibia and South African Reserve Bank have signed a revised Memorandum of Understanding to strengthen institutional cooperation on central banking functions, supervision, regulation, and resolution planning of cross-border financial institutions. The agreement establishes a formal framework for collaboration on financial stability, monetary coordination, and capacity-building while protecting the statutory independence of both institutions.
The Bank of Namibia and the South African Reserve Bank signed a revised agreement to enhance cross-border cooperation, financial stability, and supervisory coordination. The updated accord replaces a 2015 agreement and establishes a framework for central banking cooperation while maintaining both institutions' statutory independence.
South Africa's acting police minister confirmed that the Independent Police Investigative Directorate's report into a 2020 burglary at President Ramaphosa's farm has been declassified but remains inaccessible to the public, available only through formal legal channels under the Promotion of Access to Information Act. The report originally investigated allegations that VIP protection officers conducted questionable searches in Namibia following the theft of US dollars at the president's Limpopo property.
The Bank of Namibia is scheduled to announce its repo rate decision today, with most economists expecting it to hold the rate at 6.50% to maintain the 25 basis point differential with South Africa and support currency stability amid low inflation and weak economic growth. Some analysts argue there is room for a cut given inflation below 3%, healthy foreign exchange reserves, and subdued credit extension, though others warn that cutting risks capital outflow and higher household debt.