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6 million per annum

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12y ago

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In how many countries does the Standard Bank of South Africa operate?

The Standard Bank of South Africa is a very important bank to all that use it. In Africa where money is not as well organized compared to more developed countries, having a stable bank is extremely important. The Standard Bank of South Africa currently operates across 18 different African countries.


Who is responsible for the issuing for the money in South Africa?

The South African Reserve Bank and South African Mint


When was Imperial Bank South Africa created?

Imperial Bank South Africa was created in 1996.


Which is correct - South Africa reserve bank or reserve bank of South Africa?

The correct term is "South African Reserve Bank." The name of the central bank of South Africa is officially the South African Reserve Bank, as per its founding legislation and official documents. The term "Reserve Bank of South Africa" is not the accurate or commonly used name for this institution.


Why do banks pay their customers interest on the money in their accounts?

That money earns interest when the bank loans it out.


Do you have intermediary banks in South Africa?

What is the intermediary bank for standard bank in south africa cape town


What is the iban and bic code for absa bank in south Africa you need it for an international money transfer?

ABSAZAJJ


Where is South African money made?

The South African Reserve Bank prints the majority of South Africa's banknotes, their head office is located in Pretoria.


What is the cheapest and safest way of transferring money from the UK to south Africa?

Western union, Paypal, money-bookers or wire it directly to a South African bank account.


Which is the South African richest bank?

Standard bank of south africa


What is the branch code for standard bank gezina in pretoria?

Standard Bank has Johannesburg as its headquarters.The following codes are used by them:Bank or InstitutionBranch NameSwift CodeSTANDARD BANK OF SOUTH AFRICA(AFRICA CUSTODY NETWORK)SBZAZAJJAFRSTANDARD BANK OF SOUTH AFRICA(CONTINUOUS LINK SETTLEMENT)SBZAZAJJCLSSTANDARD BANK OF SOUTH AFRICA(HEAD OFFICE AND ALL SOUTH AFRICAN OFFICES)SBZAZAJJXXXSTANDARD BANK OF SOUTH AFRICA(INTERNATIONAL BANKING SYSTEM USERS)SBZAZAJJICMSTANDARD BANK OF SOUTH AFRICA(SECURITIES LENDING)SBZAZAJJFSL


Money coming from South Africa must it first go to the Reserve Bank in South Africa before it can be transferred overseas?

Regular commercial banks in South Africa can do international money transfers without referring to the Reserve Bank, unless the amounts are extremely large. In general, individuals will never exceed the limits, only major business may need authority for transfers.