Who Really Owns the South African Reserve Bank? Let’s Break It Down.

The South African Reserve Bank (SARB) is a bit of an enigma – independent, powerful, but owned by a select few. So, who holds the keys to this central bank?

As of March 2024, the SARB has 830 shareholders. Most of them are South African businesses or individuals, but there are a few international names in the mix, with shareholders from countries like the UK, the US, Australia, and even Norway. Some of the big South African players with 10,000 shares each include Absa, Discovery, and Anglo American. But, don’t get too excited – holding shares in the SARB doesn’t mean they have any say in how it runs or sets monetary policy. Their role is pretty much limited to showing up at the AGM, looking over the financial statements, and voting on who sits on the board.

Now, before you ask, “Can we nationalise it and take control of the money printing?”, hold your horses. Even if the government were to seize the Reserve Bank, it wouldn’t change much in terms of monetary policy, as explained by former Deputy Governor, Kuben Naidoo. The bank’s independence is safeguarded by the Constitution, and while the government sets broad goals for the SARB, it doesn’t meddle in the details.

So, in short, the SARB is owned by a few, but controlled by many – and its independence is firmly locked in. No, you won’t be able to vote on the next interest rate hike just because you own a couple of shares!

First Surname	Title	Initials	Area	Shares
Abrey	Ms	L A	FISH HOEK	5 000
ABSA Bank Limited			JOHANNESBURG	10 000
Adams	Mrs	J	PRETORIA	500
Addyman	Mr	N K	Meerensee	600
Adjodia	Mr	S	BRYANSTON	100
Administrators of the Rupert Ponton Trust			CAPE TOWN	400
Agri South Africa			CENTURION	1 000
Ahmed	Mr	A	LENASIA	10 000
Ahmed	Mr	T A	Kabega	100
Alfsen	Mr	A A M	Oslo	10 000
Alme	Dr	R N	JAR	9 000
Ambuehl-Conti	Ms	A C S	Berne	200
Anderson	Mr	K O	SOMERSET WEST	600
Andrag	Mrs	C M	Tamboerskloof	300
Anley	Ms	J M		5 000
Anton Rupert Trust			STELLENBOSCH	200
Arcelormittal South Africa Pension Fund			HIGHVELD PARK	1 000
Arendse	Mr	H C	Goodwood	10
Argen Precious Metal Industries (Pty) Limited			EDENVALE	1 000
Atterbury	Mr	T	PRETORIA NORTH	10 000
Austin	Mr	I T	RIVERCLUB	2 000
Aylward	Mr	F J	RIETFONTEIN	300
Baartman	Ms	D M	Scarborough	10
Bagshawe	Mr	D E	Ferndale	2 000
Baker	Mr	N W	PRETORIA	11
Baldwin	Mrs	C A	BRAKPAN	6 500
Balkin	Mr	I C	SAXONWOLD	5 000
Baloyi	Mr	C G	LETABA	650
Baloyi	Mrs	G	LETABA	500
Bam	Mrs	S F	WATERKLOOF RIDGE	100
Banducci	Mr	C L	Morningside	10 000
Banducci	Mr	L L	SUNNINGHILL	10 000
Barclay	Mr	R	Murrayfield	500
Bareiss	Mr	A C	FLORIDA	200
Barit	Dr	L	DIE TREMLOODS	10 000
Barnett	Mrs	J M	Green Point	10 000
Barton	Mrs	R M	Bollington, Cheshire	600
Bates	Mr	F A J	GEZINA	125
Bates	Mrs	L	PRETORIA	150
Bauer	Mrs	A M	SOMERSET WEST	6 016
Beck	Mr	J De La H	ILLOVO	500
Beckenstrater	Master	G J	TOKAI	10 000
Beckenstrater	Mr	M P	STEENBERG	10 000
Beckenstrater	Mrs	P H	BRYANSTON	10 000
Bedford	Mr	AW	CLAREMONT	5 000
Bellairs	Miss	N A M	FISH HOEK	100
Belle	Mr	L	Illovo	250
Beluga Trust			Campsbay	10 000
Benade	Mr	K	CLAREMONT	200
Berg	Dr	E	Lynnwood	50
Estate Late FE Bester			Pretoria	260
Betz	Dr	W	Neuendettelsau	400
Bida Investment and Resources Management CC	Sirs		HONEYDEW	500
Bidvest Bank Limited			JOHANNESBURG	500
Billmeier	Dr	A	LONDON	100
Blake	Mr	R G	NORTHRIDING	100
Blyth	Mr	D F	Fynnland	2 500
Blyth	Mr	R G K	Pinelands	2 500
Bonthuys	Mr	E R	CAPE TOWN	50
Bonthuys	Mr	J W L	PIETERSBURG	50
Booysen	Mr	S	CAPE TOWN	250
Bosch	Ms	B M D V G	SUNNYSIDE	67
Bosch	Mrs	N	NYLSTROOM	150
Boshoff	Mr	H F V	MATIELAND	100
Botha	Dr	D J	GROENKLOOF	900
Botha	Prof	D J J	LYNNWOOD	45
Botha	Mr	H W	Summerstrand	100
Botha	Mr	J H	ALBERTON	100
Bothaville District Farmers Union			BOTHAVILLE	1 000
Botnen	Mr	L	Vestby	10 000
Bowkers	Mrs	J	Oakdale	10 000
Brand	Mr	E	KOMMETJIE	200
Brand	Mrs	H M	KOMMETJIE	200
Brevis	Mr	J G	GARSFONTEIN EAST	500
Brink	Mr	D V W	WYNBERG	1 300
Brown	Mr	A A	WHITE RIVER	200
Brown	Mrs	A M	LYNEDOCH	10
Brown	Mr	E	EDENVALE	200
Brown	Mr	M F	CRESTA	200
Butcher	Mr	B R	DURBAN	300
Cameron	Ms	L D	CAPE TOWN	10 000
Cameron	Mrs	M H	NEWCASTLE	200
Campbell	Mr	IMH	UMDLOTI BEACH	1 000
Cape	Mr	T	Dowerglen	200
Capital Equity SME (Pty)Ltd			DURBAN NORTH	3 400
Carrim	Mr	M F	PRETORIA	100
Cass	Mr	B A	BALGOWAN	3 450
Cass	Mr	C M	HILLCREST	400
Casteleijn	Mrs	A E	Waterkloof Ridge Ext 2	1 000
Casteleijn	Mr	A J H	Waterkloof Ridge Ext 2	100
Cattell:  Trustee of the Brenda Cattell Trust	Mrs	H J	CLAREMONT	150
CD Family Trust			GLENSTANTIA	2 250
Charton	Ms	DA De La H	CONSTANTIA	500
Cherangani Trade and Investment 102 Pty Ltd			HARTSWATER	10 000
Chibvongodze	Mr	T	SANDTON	200
Chorn	Mrs	H H	ORANJEZICHT	10 000
Clark	Mrs	J	Oslo	9 500
Clegg	Mrs	M	ROCHDALE	1 200
Coertzen	Mr	P N J	PIET RETIEF	100
Coetzee	Mr	A B	BLOEMFONTEIN	60
Coetzee	Mr	E L	FAERIE GLEN	60
Coetzee	Mr	J H	LEPHALALE	4 500
Coetzee	Mrs	S	STELLENBOSCH	500
Cohen	Mr	M B	DOORNFONTEIN	100
Cohen	Mr	M J	RIVONIA	10 000
Colburn	Dr	A R H	Groenkloof	1 000
Collingwood	Mr	C J	BOTHAS HILL	1 000
Comfort Investments (Pty) Limited			CRESTA	10 000
Compagnoni	Mrs	P A	BEDFORDVIEW	400
Cook	Mr	J M	Constantia	1 000
Cooke	Mr	J B	HARARE	1 000
Cotterell	Mrs	R D J	Berea	200
Cousins	Mrs	P J	NORTHDENE	400
Crocodile Valley Provident Fund			NELSPRUIT	10 000
Cronje	Mr	AJ	WESTERN CAPE	10 000
Crosbie	Mrs	C	WALMER	200
Cross	Mr	J H	Waterkloof	10
Cuevas Camarillo	Mr	A	Hatfield	200
Cunningham	Dr	K	KENILWORTH	3 000
Currin	Mr	H P	PRETORIA	400
Daniels	Mr	B A	RANDFONTEIN	10 000
Danvers	Mr	B J	Hunters Home	10
Datablend Limited			Milford, SURREY	3 000
Davey	Mrs	E R	LYTTELTON	150
Davis	Ms	L S	Sunninghill	100
Davis	Mr	S	KNYSNA	100
De Jager	Mr	D C	ROGGEBAAI	1 166
de Klerk	Mr	C V	HATFIELD	100
de Kock	Mr	G P C	LYNNWOOD	10
de Kock	Mrs	H	FAERIE GLEN	784
de Kock	Mrs	J H	Higgovale	5 500
de Kock	Mr	R D	WESTVILLE	100
de Swardt	Dr	C J	HERMANUS	200
de Villiers	Mr	E	BETHULIE	100
de Villiers	Mr	A	HARTBEESPOORT	100
de Wet	Mr	P R	Westdene	10
de Witt	Mr	P	AUCKLAND PARK	84
Deco	Mr	J	CAPE TOWN	8 550
Deetlefs	Mr	I	ZIMBALI	1 000
Denholm	Mr	P A	Delville	100
Dettmer	Mrs	J P	Pinetown	2 200
Dhawraj	Mr	R	Foresthaven	9 080
Diamond	Miss	C	CLAREMONT	8 050
Dinkel	Mr	H	GERMANY	10 000
Discovery Limited			SANDTON	10 000
Dixon	Mrs	S J	HOUT BAY	9 250
D’Jaer	Mrs	S	RANT EN DAL	200
Donald Andrew Guthrie & Michael Ross Butcher & Walter Murray Butcher			DURBAN	300
Donnelly	Ms	L S	AUCKLAND PARK	250
Douglas Smollan Holdings (Pty) Limited			RAEDENE	10 000
Downard	Mr	C R	HILLCREST	2 200
Dromokaition Mental Hospital			GREECE	600
Du Plooy	Dr	R M	SOMERSET WEST	1 200
Du Pont	Mr	P J	GARSFONTEIN	300
Du Preez	Mr	D C B	LUTZVILLE	10 000
Du Preez	Ms	M	WAPADRAND	100
Duck	Mrs	M A	WESTVILLE	100
Duerr	Mr	M	Schliersee	10 000
Duffell	Mr	A P	FISH HOEK	38
Duffell	Mr	W G	SUNNYDALE	38
Duma	Mr	P T	TSHWANE CENTRAL	1 000
Duma	Mr	S D	BOKSBURG	4 000
Dunnington	Mr	G C	HOUGHTON ESTATE	200
Dunwoody	Ms	G J	DURBAN	1 250
Duvenage	Dr	A	SOMERSET WEST	100
Dyson	Mr	TRG	BUCKINGHAMSHIRE	100
Dyssell	Mr	B	CAMPS BAY	450
E & I Plastics (Pty) Limited			PLETTENBERG BAY	10 000
Eales	Mrs	J M F	WATERKLOOF	1 871
Eastman	Mrs	M A	Blairgowrie	10 000
Eastreach Investments Pty Ltd			CLAREMONT	3 333
Edelston	Mr	J K	LANSERIA	100
Ellis	Mr	A	PRETORIA	200
Elza Trust			BEDFORDVIEW	350
Estate Late Herr LG			CAPE TOWN	10 000
Estate Late Anthony Leatherland Bryant			QUEENSTOWN	500
Estate Late C M Dreyer			PRETORIA	500
Estate Late Carel Nicolaus Van der Merwe			HENNOPSMEER	44
Estate Late Claudia May Kelly			PRETORIA	200
Estate Late Doreen Walker Bell			HARARE	2 960
Estate Late Edith Vaughan Williams			HAYWARD	800
Estate Late Esther Freedman			PRETORIA	1 700
Estate Late Francois De Mareuil Cilliers			SUNNYSIDE	5
Estate Late Francois Petrus Viljoen			PRETORIA	3 650
Estate Late H F Beckenstrater			SOMERSET WEST	10 000
Estate Late Isabella Moffat			Broomlands, Irvine	100
Estate Late Joan Knox			SANDTON	100
Estate Late Kahle Barend Nobadula			DAVEYTON	500
Estate Late M M K Stormont			GRAHAMSTOWN	2 500
Estate Late May Dorling			DURBAN	250
Estate Late P J C Buys			SYMRIDGE	200
Estate Late Robert McClelland			BLOUBERGSTRAND	500
Estate Late W G P Penberthy			CAPE TOWN	200
Executors of the Late Miss Mable Rankin			PRETORIA	300
Estate Late Constance Ann Moggridge			PIETERMARITZBURG	2 666
Estate Late GJ Rudolph			SANTON CITY	3 000
Estate Late Thornton Jeffrey			DURBAN	10 000
Faasen	Mr	M	WONDERBOOM	3 500
Feinauer	Mrs	W	BELLVILLE	2 000
Ferguson	Mr	C G	Parktown North	400
Fillery	Mrs	P J	KYALAMI	600
First National Nominees (Pty ) Limited			JOHANNESBURG	10 000
Firstrand Bank Limited			BENMORE	10 000
Fitzgerald	Mrs	H	HILTON	1 000
Fleming	Mrs	J M	POLOKWANE	500
Folotsi	Mr	TV	North West	40
Fondse	Mr	A R	GROENKLOOF	200
Fourie	Mr	J N L	COLBYN	200
Fourie	Ms	N B	SUNNINGHILL GARDENS	100
Fourie	Ms	N J S	Aston Manor	100
Fowler	Mrs	A C J	DIE HEUWEL	600
Fox	Mr	G K	QUEENSWOOD	200
Freestate Agriculture Union			BLOEMFONTEIN	1 100
Frost	Miss	J	TARKASTAD	40
Frost	Mr	J G	EAST LONDON	38
Frost	Miss	M K	EAST LONDON	38
Frost	Miss	S	TARKASTAD	40
Frost	Mr	M R	TARKASTAD	40
Fuhrmann	Mr	G H	München	5 000
Gable	Mr	J	Parkmore	10 000
Gachter	Mr	A N	Dunkeld	2 000
Gale	Mr	R A	KING WILLIAM’S TOWN	100
Gama	Mr	M T	Epsoms Downs	700
Gaqavu	Mr	MM	Cala	20
Garces	Mr	L	De Waterkant	100
Gasa	Mr	SD	PIETERMARITZBURG	350
Gates	Mr	A A	GROENKLOOF	10 000
Geach	Mrs	E P D O	PRETORIA	2 100
Geach	Mrs	M B	BEDFORDVIEW	600
Geustyn	Mr	J P	PAROW NORTH	400
Giani	Mrs	Y C	GROENKLOOF	2 500
Gilfillan	Mr	W N G	BENMORE	100
Glyn	Mrs	M M	SAXONWOLD	10 000
Gochin	Mr	A	PORT ELIZABETH	300
Golden Stallion Enterprises CC			SANDTON	4 000
Goldstone	Mr	A	CONSTANTIA	600
Gouveia	Mr	R D R	Fish Hoek	10 000
Gouws	Mr	O J	Meadowbrook	50
Govender	Ms	T	BEDFORDVIEW	9 500
Gower	Mrs	V S	RIEBEECK WEST	5 790
Graser	Mrs	G M	MONUMENT PARK	100
Gray	Mr	A J	BENMORE	10 000
Greenwood	Mr	J L	Bruckmühl	2 000
Grobbelaar	Mrs	C S E	GLENSTANTIA	2 000
Grobler	Mrs	M M	PRETORIA	1 000
Groenewald	Dr	B P	HERMANUS	500
Grolman	Mr	E	Athol	100
Guizzardi	Mr	M	MEYERTON	5 000
Guizzardi	Mr	O	THREE RIVERS	5 000
Guma	Dr	X P	PRETORIA	5 932
Guzewicz	Mr	A	Berlin	2 500
Gysman	Mr	L R	MENLYN CENTRAL	200
Hacker	Mr	T J	JOHANNESBURG	100
Hague	Mrs	M E	FLORIDA	2 000
Hale	Mr	D	CHICAGO	1 000
Hall	Mr	G R	NORTHCLIFF	200
Hanna	Mr	R	EMMARENTIA	10
Harding	Messrs	C & D C	CAMPS BAY	3 400
Hardwick	Mrs	J A	HOWICK	100
Harford	Mr	D M	CAPE TOWN	2 500
Harrison	Mr	J d G	P O NORTHLANDS	38
Harrison	Mr	P H	Vorna Valley	38
Hart	Mr	D	Orchards	10 000
Hart	Mrs	E A	PORT ELIZABETH	38
Harvey	Mr	P L	Sunningdale	10 000
Hathorn	Mr	M C	MTUNZINI	10 000
Hathorn	Mr	W P	PIETERMARITZBURG	1 010
Hattingh	Mr	J	Kreupelbosch	10 000
Hauptfleisch	Mr	DCL	ONRUS RIVIER	5
Hefferman	Mr	P J	NELSPRUIT	200
Hellier	Miss	J C	RENFREWSHIRE	100
Henama	Mr	U S	Phillip Nel Park	400
Henneke	Mr	W	PRETORIA	2 500
Henning	Ms	J	PRETORIA	100
Hertzogbrug Farmers Union			ALIWAL NORTH	1 000
Heyns	Mr	N A	SOMERSET WEST	1 000
Heyns	Ms	S E	BRYANSTON	4 000
Hill	Ms	L K R	BREDASDORP	1 300
Hill-Lewis	Mr	G	Edgemead	10
Hlatshwayo	Ms	K N H	KWAMASHU	150
Hlekani	Mr	F B	EDENVALE	1 000
Hlope-Mazibuko	Mrs	H	WILGEHEUWEL	400
Hoffmann	Mr	M L	Le Domaine	10 000
Hoffmann	Mr	W	UPINGTON	980
Holmes	Mr	I G	United Kingdom	10 000
Hörstmann	Miss	A	LUTZVILLE	5 466
Howard	Mrs	P A	ADELAIDE	10 000
Huang	Mr	Y	Rivonia	2 000
Hugo	Mr	C J	WINGATE PARK	1 000
Hugo	Mrs	M	NEWLANDS	100
Hunter	Ms	C A	Yellow Wood Park	1 300
Hunter	Miss	H A	Yellow Wood Park	1 300
Hunter	Mr	I G	Yellow Wood Park	1 300
Iceberg Holdings (Pty) Limited			Lynnwood	50
Iffland	Miss	G C	Farnham	5 500
Iffland	Mr	S	Dan Pienaar	5 500
Intuthuko Investments (Pty) Ltd			PRETORIA	1
Irvine-Smith	Dr	B	BRYANSTON	10 000
IS Trust			BRYANSTON	10 000
Ismail	Mr	M S	Dundee	10 000
J P Landman Trust			AUCKLAND PARK	200
J Rabie & P J Arnot:  The Nook Trust			CONSTANTIA	333
Jackson	Mr	H C	STELLENBOSCH	100
Jacobs	Mr	A J	CLUBVIEW	500
Jacobs	Mr	P D	PIETERSBURG	100
Jacobs	Mr	P S	WESTGATE	700
Jacobs	Mr	SJ	NELSPRUIT	400
Jacobs	Mr	W	Centrahil	200
Jansen van Rensburg	Mrs	J	MOSSEL BAY	500
Jarson	Mr	A	California	100
Jeewa	Mr	I C	DURBAN	200
John Michael Hansen Scholarship Trust			DURBAN	6 000
John Sayers Family Trust			HONEYDEW	400
Jooste	Mrs	W	SWELLENDAM	100
Joubert	Mrs	E C	JEFFREYS BAY	400
Joubert	Mr	G R	PLETTENBERG BAY	10 000
Joubert	Mrs	L B	KEW, MELBOURNE	100
Joubert	Mrs	L J	HILLCREST	9 750
Memeza (nee Juqu)	Mr	A S W	PAULSHOF	1 300
Kalla	Mr	S A R	POLOKWANE	350
Kannusamy	Mr	D	Shallcross	50
Kannusamy	Ms	S	Shallcross	350
Kantor	Mr	B S	Camps Bay	100
Kantor	Mr	I	BRAAMFONTEIN	100
Kaplan	Mr	A	JOHANNESBURG	10 000
Katz	Mr	D A	FRESNAYE	900
Katz	Mr	J	FRESNAYE	100
Katz	Mr	M P	FRESNAYE	1 000
Katz	Mrs	S R	FRESNAYE	200
Katz	Miss	Y M	FRESNAYE	100
Kekana	Ms	C W	BIRCHLEIGH NORTH	100
Keller	Mrs	R J	VILLIERSDORP	1 000
Kellerman	Mr	C J	CAPE TOWN	100
Kellerman	Mr	C J	KORINGBERG	100
Kensett	Mr	JM	KwaZulu Natal	100
Keogh	Mrs	B	FAUNASIG	60
Kgaswe	Mr	W	MABESKRAAL	10 000
Khanyetsi	Mr	T P	HEIDEDAL	200
King	Mrs	D R	Hurlingham Gardens	1 000
Kirk	Mr	D J	CAPE TOWN	100
Kirkness	Ms	RIA	LADYSMITH	2 000
Kistan	Ms	S	Shallcross	350
Klikk Pty Ltd	Sirs		STELLENBOSCH	10 000
Klopper	Mr	D J	WINGATE PARK	10
Kock	Mr	M A	PRETORIA	100
Koen	Mr	R	Johannesburg	100
Konar	Dr	D	Hyde Park	4 000
Koopoosamy	Miss	P	BENONI	1 000
Kreuger	Mr	F	DURBAN	100
Kriel	Mr	C C	GROENKLOOF	10 000
Kriel	Mrs	H B	PRETORIA	400
Kruger	Mr	F	ROBERTSON	533
Kruger	Ms	G	WATERKLOOF	2 500
Kruger	Mr	J	DIE BOORD	533
Kruger	Mrs	L	PHALABORWA	60
Kruger	Mr	P	STELLENBOSCH	534
Krynauw	Mrs	A F	WILDERNESS	10 000
Krzyzanowski	Mr	M	Sandton	9 800
Kuhn	Mr	F S L	DURBANVILLE	1 000
Kuhn	Mr	H C	JOHANNESBURG	100
Kupane	Mr	L M	Orlando	7 500
Kynge	Mrs	A P F	Northallerton, North Yorkshire	400
Laäs	Mr	A O	SUNNYSIDE	9 515
Lane	Ms	B S	CONSTANTIA	200
Lang	Mr	G I	HOUGHTON	400
Lang	Mr	M	Dorsten	10 000
Lang	Mr	N H	BOTHASIG	10 000
Lawal	Mr	S	HONEYDEW	600
Lawrence	Mr	D M	Dunkeld	1 000
Lawrenson	Mrs	S	Cape Town	9 100
Layer	Mrs	C	Gräfelfing	10 000
Le Roux	Dr	F H	MODIMOLLE	200
Le Roux	Mr	J A	WINGATE PARK	600
Leach	Mr	E	MENLO PARK	200
Estate Late Leeman	Sirs		GARSFONTEIN	200
Lemmon	Mr	D E	NELSPRUIT	200
Leoka	Dr	B	ATHOL	1 000
Levitt	Dr	C M	MELLVILLE	100
Lindsay	Miss	C S	Paris	5 000
Lindsay	Miss	M E C	RONDEBOSCH	10 000
Lindsay	Miss	O C	Paris	5 000
Lipschitz	Mr	V B	Nazareth	100
Lloyd	Mr	C G	Rondebosch	200
Lloyd	Mr	S	STILBAAI	1 000
Lombard	Prof	J A	KNYSNA	10
Lormar Development and Financing CC			MIDDELBURG	1 300
Lottering	Ms	M	HOEDSPRUIT	10 000
Lowenthal	Mr	N D	MARSHALLTOWN	9 500
Lowenthal	Mr	R Y	MARSHALLTOWN	6 900
Lubbe	Mr	J W	BROOKLYN	200
Lyons	Mr	W J	STANDERTON	200
Maakal	Mr	C	WELGEMOED	1 715
Mabeba	Mr	S E	POLOKWANE	1 420
Mabika	Ms	F M	CLARINA	205
Mabin	Mr	D J	TABLEVIEW	500
Mabula	Mr	R	RASLOUW	1 014
Mac William	Mr	I R	Houghton Estate	300
Madida	Mr	S B	BRAAMFONTEIN	500
Madonel Kaap Close Corporation			UVONGO	10 000
Mafuwane	Mr	E M	SESHEGO	10
Mahlangu	Mr	I	ELARDUS PARK	8 560
Mahlangu	Mr	J L	MABOPANE	50
Mahlangu	Miss	T K	FAERIE GLEN	2 500
Mahomed	Mrs	H	WITBANK	200
Makda	Mr	Y	ALBERTON	5 000
Makhanya	Mr	B A	Lawley Ext 1	120
Makhina	Mr	R M	MAMELODI WEST	7 285
Malan	Mr	C T	RIVONIA	400
Malan	Mr	G K	Onrus	400
Malan	Mr	J D	ROSSLYN	150
Malan	Miss	T A	WESTVILLE	400
Malatjie	Ms	L I	BOORDFONTEIN	6 504
Maltz	Mr	L	SENDERWOOD	100
Mamahlodi	Mr	M T	MARBLE HALL	3 290
Manganyi	Mr	R B	MABOPANE	20
Manzi	Mr	T T J	Cape Town	100
Manyala	Mr	B	JOHANNESBURG	1 500
Maphangwa	Mr	F A	THOHOYANDOU	500
Marais	Mr	A	CLUBVIEW	500
Marais	Mr	A d R	Vergesig	4 000
Marais	Mr	C P F	GLENHAZEL	4 600
Maré	Mr	D J	FONTAINEBLEAU	100
Maritz	Mr	De V	GEORGE	200
Maritz	Mr	E S	MIDDELBURG	1 000
Marsland	Mr	T	RANDPARK RIDGE	100
Martins	Mrs	S C	FLORIDA	300
Masanabo	Ms	M L T	Mathyszenloop	185
Masango	Mr	D S	YEOVILLE	10
Maseko	Mr	N I	EMPUMALANGA	350
Mashaba	Mr	D T	SECUNDA	600
Mashabela	Mr	R G	DRIEKOP	100
Mashegoane	Mr	T	WENDYWOOD	400
Mashiangako	Mr	J J	SOSHANGUVE	1 000
Masilela	Mr	Z S	MIDDELBURG	500
Masindi	Mr	T C	MIDRAND	30
Masindi	Mr	T L	PRETORIA	1 000
Mason	Ms	K J	AUCKLAND PARK	10 000
Masondo	Mr	N H	INANDA NEWTOWN	600
Massyn	Mr	P H	MOOIKLOOF	10 000
Master of the High Court –			CAPE TOWN	1 000
Mathaba	Mr	M C	TEMBISA	1 000
Mathaba	Mr	T R	TEMBISA	410
Mathonsi	Mr	K G	Malamulele	50
Matladi	Mr	J M	SESHEGO	70
Matloa	Mr	T J	POLOKWANE NORTH	20
Matsau	Mrs	Z R P	FAERIE GLEN	1 000
Matshane	Ms	O P	CENTURION	2 858
Mbona	Ms	N	Gezina	100
Mboweni	Mr	T T	KILLARNEY	10 000
Meades	Mr	D J	FERREIRASDORP	300
Meades	Mr	D J	HELDERBERG	1 100
Meerholz	Ms	YP	JOHANNESBURG	50
Meintjes	Mrs	I E	PINELANDS	400
Menze	Prof	V	Budapest	1 400
Metal Industries Group Pension Fund			JOHANNESBURG	300
Meyer	Dr	A	Gräfelfing	10 000
Meyer	Mr	H	SUMMERSTRAND	10 000
Meyer	Mrs	L	UVONGO	100
Meyer	Mrs	S	WELLINGTON	700
Mhlambi	Mr	T D M	Ballito	100
Miles	Mrs	M	CATHCART	400
Miller	Mrs	R A	WESTDENE	8 100
Miller	Mrs	R M	BARBERTON	800
Milstein	Mr	E J	Ramat-Efal	10 000
Miltz	Mr	B A	TROYEVILLE	8 500
Misra	Mr	B	Clare Estate	750
Miya	Mr	S I E	Soweto	200
Mkwanazi	Mr	K E	Ikageng Location	416
Mlati	Mr	M C	PRETORIA	2 000
Mngwenya	Mr	T D	SUIDERBERG	400
Mnyande	Dr	M	WIERDA PARK	500
Mofokeng	Mr	M J	Bochabela	150
Mofokeng	Mr	P J	RATANDA	100
Mogale	Mr	S M	GATEWAY	100
Mogamy	Ms	C	QUEENSBURGH	350
Mogorosi	Mr	I K S	MARSHALLTOWN	5 180
Mokae	Miss	S G M E	KEMPTON PARK	115
Mokgabudi	Ms	M M	SOSHANGUVE	129
Mokgahla	Mr	N D	TRICHARDTSDAL	500
Mokgoatjane	Mr	ND	THE TRAMSHED	420
Mokwatedi	Mr	N E	Pimville	2 000
Molefe	Mr	L K	KWA-MHLANGA	5 000
Mollo	Mr	J	Sunninghill	1 000
Monareng	Ms	Y	PIETERMARITZBURG	25
Monty Holdings Pty Ltd			CRAIGHALL PARK	1 000
Moodley	Mr	D	UMZINTO	200
More	Mr	JDI	GA-RANKUWA	40
Morkar	Dr	N	EAST LONDON	1 000
Morshead Securities (Pty) Limited			BEDFORDVIEW	200
Mosako	Mr	K	HALFWAY HOUSE	1 000
Moselana	Mrs	D B	Ebony Park	4
Mostert	Mr	M L	LYNNWOOD RIDGE	400
Motloutsi	Miss	M L	Lambton	1 110
Mr Joe van Zyl as Trustee of the Burmilla Trust			BEDFORDVIEW	200
Mr P F J de Vos Hugo:  Trustee the Pieter Hugo Trust (IT 248/97)			MENLO PARK	500
MS Family Trust			GLENSTANTIA	2 250
Msipha	Mr	K A	SEBOKENG	500
Mueller	Dr	R	Augsburg	1 000
Muller	Mr	F D	WELTEVREDEN PARK	100
Munday	Mr	L C	FAERIE GLEN	400
Murfin	Mrs	B J	WIERDA PARK	6 000
Murie	Mrs	G E	KLOOF	400
Murrel	Mr	C J	CENTURION	400
Murrey	Mr	C H	Woodstock	5 000
Murrey	Miss	F	Hilton	5 000
Murrey	Mr	M P H	Australia	10 000
Mushi	Mr	T E	QUELLERINA	10 000
Mushipe	Miss	T S	NEW BRIGHTON	100
Mutsila	Mr	R D	THOHOYANDOU	6 000
Myeni	Ms	P J	Mokopane	100
Mzomba	Miss	V	Birchacres Ext 38	350
Naidoo	Mr	G	ELDORADO PARK Ext 4	200
Naidu	Mr	D	UMHLALI	100
Naidu	Mr	S J	Reservoir Hills	6 000
Naude	Mr	D	GROENKLOOF	1 400
Ndaba	Mr	Y	SUNNYSIDE	1 000
Ndlovu	Ms	MS	CRYSTAL PARK	100
Nedcor Limited			JOHANNESBURG	3 900
Nel	Mr	T	CRAIGHALL	66
Nelson Mandela Children’s Fund			HIGHLANDS NORTH	100
Netshiomvani	Ms	H	THOHOYANDOU	1 000
Netshisaulu	Mr	N G	CENTURION	10 000
Nevhulaudzi	Mr	R K	Pretoria North	200
Newman JR	Mr	TR	UNITED STATES OF AMERICA	3 050
Ng	Mr	CY	Rivonia	168
Ngoepe	Mr	M J	MIDRAND	5 000
Nicholson	Mrs	V R	Chalfont St. Giles, Bucks	500
Nienaber	Mr	G S	Parkview	400
Njamela	Mr	M	WIERDA PARK	200
Nkhumise	Miss	M L	SOSHANGUVE	3 400
Nkoana	Mr	M J	ATLASVILLE	80
Nkolwana	Mr	N S	THABA TSHWANE	10 000
Nkuna	Mr	M J	MORELETA PARK	100
Nkuna Equity (Pty)Ltd			MARSHALLTOWN	1 250
Nobadula	Mrs	N M	DAVEYTON	300
Nonyane	Mr	K	SOSHANGUVE	100
Noordman	Mr	C A	SOMERSET MALL	10 000
Northcroft	Mr	I W	Dunvegan	300
Ntsekalle	Mr	L	Motsethabong Location	10
Ntshabele	Mr	M M M	CENTURION	500
Nxumalo	Mrs	C T	SANDTON	1 000
Nyman	Mr	P	KNYSNA	100
Oelofse	Rev	D F	HUMANSDORP	50
Omar	Mr	S	Laudium	500
Orleyn	Ms	N D	RIVONIA	10 000
Oscroft	Mr	J	Somerset West	10 000
Ovenstone	Ms	A	TOKAI	10 000
P A E (Proprietary) Limited			CRAMERVIEW	10 000
Page	Mrs	M G	CENTURION	200
Page	Mr	J L	CENTURION	200
Pansegrouw	Mr	C R	DURBANVILLE	10
Parker	Mr	Z A	PRETORIA	1 000
Parsons	Prof	R W K	PARKHURST	1 000
Patchitt	Mr	M J	PARKTOWN	2
Patel	Messrs	D G & S G	BOMBAY	1 900
Patterson	Mr	M B	CAPE TOWN	10
Pedlar	Mrs	J F	GREENSIDE	1 000
Pettifer	Mr	J W	KENSINGTON	1 000
Phalatse	Mrs	B M	Akasia	100
Phalatse	Ms	M	Akasia	100
Phalatse	Mr	M D	Akasia	100
Phetla	Mr	S M	Ferndale	1 000
Philippus De Witt (Pty) Limited			AUCKLAND PARK	75
Phiri	Mr	T	HAZYVIEW	200
Pieterse	Mr	A	JOHANNESBURG	100
Pieterse	Mr	A D	GARSFONTEIN	400
Pike	Mr	G A	CAPE TOWN	25
Pinda	Ms	Z R	PEDDIE	500
Plummer	Mr	J F	VILLIERSDORP	400
Poole	Ms	M E	SAXONWOLD	200
Posnett	Mr	J	SANDOWN	10 000
Posnett	Mr	M A	SUNNINGHILL	10 000
Potgieter	Ms	C L	CAPE TOWN	334
Pretorius	Prof	J T	MONUMENT PARK	200
Pretorius	Mr	JHC	GROBLERSDAL	730
Pretorius	Mr	M B	HIGHVELD PARK	9 800
Priday	Mr	A J	SEA POINT	500
Priebatsch	Mr	RM	GALLO MANOR	10 000
Public Investment Commissioners			PRETORIA	8 400
Purdey Publishing (Pty) Ltd			SANDTON	2
Pyoos	Mr	LC	KEMPTON PARK	500
Raath	Mr	J W	Kraaifontein	300
Rabothata	Adv	M A	WESTPARK	9 980
Ralawe	Mr	D R M	Gardens	10 000
Raletsena	Ms	L T	Pretoria	5 000
Rall	Ms	E	LYNNWOOD RIDGE	100
Rambau	Dr	P D	NOORDWYK	10 000
Ramjee	Mr	J	MIDDELBURG	5 000
Rasethaba	Mr	AT	RANT EN DAL	1 600
Rashope	Ms	P	SUNNINGHILL	200
Raw	Ms	N J	DURBAN	10 000
Reay	Mr	C J	PRETORIA	2
Reddy	Mr	S	Table View	500
Reddy	Mr	C	PENNINGTON	5
Rees	Mr	E J	THREE RIVERS	2 400
Rehle	Mr	A	Berg	5 000
Rennie	Mr	G A	MONDEOR	100
Reynolds	Ms	S L	CRAMERVIEW	250
Rieck	Mrs	A	TARKASTAD	300
Rippon	Mr	R C	WOODHILL	1 000
Roche-Kelly	Mr	D	KENSINGTON	100
Rompel	Mr	M F	MORELETA PLAZA	2
Rompel	Mrs	S A I	MORELETA PLAZA	2
Roodt	Mr	D D	HAZELWOOD	200
Roskrow	Ms	C A	Edgemead	10 000
Rossouw	Mr	A B	RAWSONVILLE	10
Rossouw	Ms	C	WATERKLOOF EXT. 1	210
Rossouw	Miss	G	Langerug	5
Rossouw	Mr	G C	Langerug	5
Rossouw	Miss	I	Langerug	5
Rossouw	Dr	J J	Waterkloof Ext. 1	10 000
Rossouw	Mr	J J	Langerug	5
Rossouw	Mr	M	Waterkloof Ext. 1	202
Rossouw	Mr	P	QUEENSWOOD	400
Rossouw	Mrs	S	Waterkloof Ext. 1	339
Rossouw	Mr	S D G	Langerug	5
Rust	Mr	A F	Parkview	150
S A Mutual Life Assurance Society			CAPE TOWN	20 000
S A Platinum Holdings Pty Limited			DURBAN NORTH	500
S A Police Widows’ & Orphans’ Fund			MENLO PARK	10 520
Saacks	Messrs	H M & Allen M	MOUILLE POINT	250
Saacks	Mrs	R S	SEA POINT	200
Saacks	Mrs	T	MOUILLE POINT	250
Saffy	Mr	C A	Craighall Park	300
Saffy	Mr	D J	Craighall Park	300
Saffy	Mr	H A	Craighall Park	300
Salimane	Mrs	M E	LYNWOODRIDGE	3 000
Salojee Family Trust			Houghton	1 767
Saville	Mr	D P	CAPE TOWN	10 000
Saville	Ms	J M	PLUMSTEAD	10 000
Scheepers	Mr	G R J	Kocksvlei	3 000
Schimmelpennick Campbell Education Trust			HARARE	1 300
Schlaphoff	Mr	R W	Selcourt	400
Schriever III	Mr	F G	London	100
Schulze	Prof	W G	GROENKLOOF	250
Schulze Dieckhoff	Mr	B S	Heidelberg	3 950
Scorgie	Mr	W A	BEDFORDVIEW	400
S’Dinile	Mr	P S	P O Umlaze	1 000
Sebelebele	Ms	L P	CRYSTAL PARK	1 000
Sekgololo	Mr	M J	Pretoria	303
Sehlako	Ms	P M	MIDRAND	600
Selolo	Mr	L J	HALFWAY HOUSE	500
Sepoli	Mr	R D	SHAYANDIMA	350
Serfontein	Mrs	D I	BROOKLYN	10 000
Sewbaran	Mrs	P	PHOENIX	3 000
Sewbaran	Mr	V	PHOENIX	3 000
Sewdass	Mr	P	GERMISTON	1 200
Shapiro	Mrs	S	SEA POINT	10 000
Shearer	Mr	G A	CAPE TOWN	10 000
Shellard	Mrs	M	PORT ELIZABETH	200
Shenker	Mr	C J	BEERSHEVA	3 334
Shepherd	Mrs	M C	PINEGOWRIE	600
Shezi	Mr	H S	PIETERMARITZBURG	100
Shields	Mr	S W	MIDRAND	2 000
Shochot	Mr	J	MODDERFONTEIN	350
Shone	Mrs	L C	DURBANVILLE	100
Shongwe	Mr	M H D	Pretoria	555
Sieburg	Mr	M	Schliersee	9 000
Sieburg ( In Suspense)	Mr	M	Schliersee	1 000
Sigasa	Mr	M E	Randhart	5 000
Sikhakhane	Mr	T N	Midrand	70
Simmons	Mr	R J A	HOEDSPRUIT	100
Sinclair	Mr	I M	GREENSIDE	100
Singh	Mr	S	DURBAN	400
Sithole	Mr	K J	SASOLBURG	910
Siwundla	Mr	M N	PRETORIA	500
SJ (Boet) Streicher Trust			SWELLENDAM	5 000
SJ Streicher Trust			SWELLENDAM	5 000
Skinner	Dr	R M	Greenacres	1 000
Smal	Dr	M M	PRETORIA	100
Smit	Mr	F P	Edleen	100
Smit (Jnr)	Mr	J J	Paradyskloof	10
Smith	Mr	D	ATHLONE	4
Smith	Mr	G A	Tatitown, Via Serule	10 000
Smith	Mrs	L	DIE HOEWES	100
Smith	Mr	R L	KNYSNA	10 000
Smith	Mr	T P L	HOEKWIL	5 000
Smude (In Suspense)	Ms	I	Haltern am See	2 500
Socikwa	Ms	MNC	Benmore	1 500
Solomon	Mrs	J	MONDEOR	200
Spicer	Mr	P M	Ancaster, Ontario	10 000
Springfield	Miss	S C	LYTTELTON	1 000
Stafford	Ms	TH	BALLITO	200
Stals	Dr	C L	WOODHILL	200
State Library Pretoria			PRETORIA	200
Stead	Mrs	R	CRAMERVIEW	550
Steenkamp	Mr	G	WATERKLOOF	100
Steindler	Mr	M M	Muenchen	10 000
Stelzer Family Trust			POLOKWANE	10 000
Stephensen	Dr	P P O	Copenhagen	10 000
Steyn	Mrs	J	FISH HOEK	38
Steyn	Mr	T F	ASTON MANOR	200
Stigting Simon van der Stel			STELLENBOSCH	5 000
Stone	Miss	A T	ARCADIA	550
Stuart-Clark	Dr	H E	FERNDALE	1 000
Sturino	Mr	F	MARSHALLTOWN	5 000
Sulin	Mr	D G	Craighall	500
Sullivan	Mr	A C	Avalon	10 000
Sumeray	Mrs	S	FRANSCHHOEK	650
Swanepoel	Dr	C J	STILL BAY	1 000
Swart	Miss	E S E	WINDHOEK	50
Swart	Mr	R	BRYANSTON	50
Swart	Mr	W H	NOORDBURG	100
Sylvester	Mr	D A	FISH HOEK	6 600
Sylvester	Ms	E A	FISH HOEK	3 400
Symons	Mrs	B E	NAHOON	100
Szabo	Mr	P I S	WALVIS BAY	200
Terblanche	Mrs	A	FAERIE GLEN	500
Tettey	Mr	J	MELROSE ARCH	1
The Administrator- Estate Late F H K Cunningham Will Trust			CAPE TOWN	3 700
The Administrator of the Susan Kelly Will Trust			PRETORIA	200
The Administrators Estate Late V L Nicoll Trust			UMHLANGA ROCKS	3 800
The Chief Financial Officer – Standard Bank Group, Standard Bank of S.A. Ltd			JOHANNESBURG	10 000
The Company Secretary:  Anglo American South Africa Limited			MARSHALLTOWN	10 000
The Executor Estate Late W W D Marquard			CAPE TOWN	200
The Executor, Estate Late Ida Pessen Morris Rosenburg Trust			MARSHALLTOWN	800
The Executors Estate Late C Barclay			CAPE TOWN	4 350
The Hunter Trust			Killarney	300
The Kathleen Betty Jones Will Trust			FISH HOEK	10 000
The Right Rev Napier OFM, Catholic Archbishop of Durban			GREYVILLE	1 000
Theunissen	Mrs	U	NEWLANDS	10 000
Tsirigotis	Mr	K	CANADA	1 000
Tshoke	Mr	K M	HATFIELD	100
Tshoke	Miss	Keneilwe	HATFIELD	50
Tshoke	Miss	Kaelo	HATFIELD	50
Thorpe	Mr	G Q	Elardus Park	8 000
Thorpe	Mr	R W	JOHANNESBURG	2 000
Till	Mr	R G	SLOANE PARK	100
Tolken	Mrs	D A	PINETOWN	800
Tolmay	Mr	C J	GONUBIE	10 000
Tomasek	Mr	F L	NORTHLANDS	200
Tomlinson	Mr	R A	Berea	100
Tonks	Ms	D A	Brisbane, Queensland	100
Treston Family Trust			NEWTON PARK	1 500
Truscott	Mr	J T	ESTRA	200
Trustees of the Church Property of Saint Andrews Presbyterian Church			PRETORIA	400
Trustees of the Jessie Campbell Trust			PIETERMARITZBURG	1 200
Truter	Mr	V J	DUNKELD	2 000
Tshabalala	Mr	S I	SOWETO	100
Tshishonga	Mr	M A	TRAMSHED	1 000
Tshitangano	Mr	F	THOHOYANDOU	10
Tshivhase	Mr	M	KYALAMI	10
Turner	Mrs	L M	Glenwood	10 000
Twidale	Mr	G B	DUNKELD	10 000
Upton	Mr	C H	GROBLERSDAL	237
Uys	Mr	D C	LYNNWOOD RIDGE	10
Uys	Miss	M	LYNNWOOD RIDGE	6 451
van den Bergh	Mr	J A	SUNNYSIDE	200
van den Heever	Dr	J P	LYNNWOOD	200
van der Berg	Mr	L	Pierre van Reyneveld	100
van der Bijl	Mrs	M	KRUGERSDORP	60
Van der Loo	Mr	S A	Sunninghill	600
van der Merwe	Ms	B C	THREE RIVERS	10 000
van der Merwe	Miss	C	NEWLANDS	200
van der Merwe	Mr	C K	WORCESTER	250
van der Merwe	Mr	D S	GLENSTANTIA	5 000
van der Riet	Mrs	S J	GRAHAMSTOWN	333
van der Schyff	Mr	J P	WAPADRAND	200
van der Walt	Mr	F J V	Vredehoek	10 000
van der Zel	Mr	D W	Hennopspark	200
van Druten	Mrs	C J	SOMERSET WEST	7 400
van Heerden	Mr	H	WARNER BEACH	2 664
van Heerden	Mr	J	GEORGE	1 000
van Heerden	Mr	L C	SANDTON	2
van Heyningen	Mr	C	Tzaneen	876
van Kets	Mr	W O	WYNBERG	10 000
van Niekerk	Mr	F A	KIMBERLEY	300
van Niekerk	Mr	M	DANHOF	100
van Niekerk	Mr	P H	WATERKLOOF	2 500
van Niekerk	Mr	P M	DANHOF	1 000
van Niekerk	Dr	W H	GEZINA	1 000
van Rensburg	Mr	A	Hennopspark	1 000
van Rensburg	Mr	F	NELSPRUIT	200
Van Santen	Mr	A J	HERMON	100
Van Santen	Ms	A J	HERMON	100
Van Santen	Mr	J W	HERMON	100
Van Santen	Mr	P J	HERMON	100
Van Schalkwyk	Mr	NDT	BRAKPAN	15
van Tonder	Mr	D J	PAARL	2
van Wyk	Dr	L	Lynnwood	5 000
Van Wyngaard	Rev	G J	HATFIELD	200
van Zyl	Mr	D Z	NIGEL	100
Vanrenen	Mr	D J D	CHELMSFORD, Essex	1 000
Vaughan	Miss	V	Harmelia	400
Vermeulen	Mr	E H	Woodmead	100
Vermeulen	Mr	J P	VAALPARK	2 500
Visagie	Mr	FW	TYGERVALLEY	120
Visser	Mrs	KF	WELGEMOED	600
von Abo	Mr	C L	BOTHAVILLE	1 000
von Abo	Dr	P J	BOTHAVILLE	1 000
von Ribbeck	Mrs	K P	ST JAMES	10 000
von Steiger	Ms	A V		100
von Wolff	Mr	K D T H	QUEENSWOOD	67
von Wolff	Mr	T G D A K W	QUEENSWOOD	66
Wang	Mr	Q	Beverley	200
Waruhiu	Mr	M	Highlands North	10 000
Weissenberg	Mr	HF	AUCKLAND PARK	4 500
Weissenberg	Mr	R H	AUCKLAND PARK	5 500
White	Mr	J I	SOMERSET WEST	200
Why	Mr	F L		500
Wildash	Mr	R J	HAZYVIEW	10 000
Wille	Mrs	A E	PARKLANDS	150
Wilson	Mrs	H P C	Irene	800
Winnard	Mr	J H	Cornwall	300
Winter	Mr	C	CAPE TOWN	2 950
Winter	Mr	G E	TABLE VIEW	2 950
Wocke	Mr	C	LYTTELTON	2 000
Wolov	Mr	D	NORWOOD	4 000
Wonderfontein Trust			DANHOF	200
Wood	Mr	G D	SOMERSET WEST	10 000
Wood	Mrs	I S	SOMERSET WEST	3 300
Wright	Miss	N H	BULAWAYO	282
Wright	Mrs	O F	PORT EDWARD	7 140
Wright	Miss	S E	BULAWAYO	284
Xanko	Ms	B C	KROONSTAD	10
Yeo	Mr	D J	PINELANDS	100
Zondo	Mrs	C N	Inanda Newtown	100
Zondo	Mr	S	Durban	100

Source Info:https://businesstech.co.za/news/banking/806054/here-are-the-true-owners-of-the-south-african-reserve-bank/