Thesuccessfulcandidatewillberesponsibleforthefollowingkeyperformanceareas:
Partner with senior managers to shape and deliver the SARB’s economic research programme.
Leadorcontributetoflagshippublications,includingtheMonetary Policy Review and Quarterly Bulletin
Prepare reviews, analyses and reports on short-term economic developments and broader economic activity.
Prepareand deliver economic research presentations to senior management, the MonetaryPolicy Committee and external forums, as required.
Coordinate economic research activities across SARB departments.
Conduct performance appraisals and contribute to team members’ overall performance evaluations, where applicable.
Improve workflows, manage resources effectively and support the implementation of the operational plan.
Lead and participate in stakeholder engagements.
Mentorand support the development of othereconomists.
Additional requirements include:
advanced knowledge of economic and financial market analysis, including relevant theories, methodologies, statistics and reporting tools;
strong strategic and conceptual thinking, with the ability to manage complexity, ambiguity and change;
sound judgement and decision-making, supported by quality assurance and continuous improvement practices;
effective planning, organising and delivery skills, with a strong drive for results;
the ability to influence stakeholders and build productive working relationships across the SARB and externally;
leadership capability, including developing others, supporting professional growth and building team resilience; and
strong industry, business and organisational awareness relevant to central banking and economic policy.
The closing date for applications is August 2026. Late applications will not be considered.
In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.
The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.
Career path: Specialist (SP)
Level: SP 5
About SARB
Primary mandate of the SARB
Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:
The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.
The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.
WHAT WE DO
Monetary Policy
The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.
Financial Stability
The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.
Prudential Regulation
The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.
Financial Markets
Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.
Financial Surveillance
The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.
Payments and Settlements
The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.
Statistics
The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.
Research
Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.
Banknotes and Coin
The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.
The South African Reserve Bank (the SARB) is the central bank of the Republic of South Africa. It regards its primary goal in the South African economic system as "the achievement and maintenance of price stability".
The South African Reserve Bank maintains that South Africa has a growing economy based on the principles of a market system, private and social initiative, effective competition and social fairness. It recognises, in the performance of its duties, the need to pursue balanced economic development and growth.
