South African Reserve Bank calls hybrid 2025 shareholders AGM with proposals on auditors and board elections

The South African Reserve Bank has published the notice and proxy form for its 105th annual Ordinary General Meeting of shareholders, to be held as a hybrid meeting on 8 August 2025 at 10:00, in person at its Pretoria Head Office and online via the LUMI platform. The agenda covers receipt of prior AGM minutes, consideration of the annual financial statements for the year ended 31 March 2025, decisions on external audit remuneration and appointments, and the election of non-executive directors. Business includes approving the remuneration of BDO South Africa Incorporated and SizweNtsalubaGobodo Grant Thornton Incorporated for the 2024/25 audit, reappointing BDO and confirming the appointment of Ernst & Young Incorporated as independent external auditors for 2025/26, and electing three non-executive directors. The panel established under the South African Reserve Bank Act confirmed only the incumbents as suitable candidates for the vacancies: Mr Zoaib Hoosen and Mr Stephen Jon van Coller for the industry positions, and Prof. Ferdinand Herbert Meyer for the agriculture position; the terms of Prof. Charlotte Buitendag and Prof. Nicholas Vink expire at the AGM and both are stated to be ineligible for re-election. Shareholders can register to participate from 10:00 on 30 June 2025 until 09:00 on 8 August 2025, with proxy forms required no later than 10:00 on 6 August 2025. The notice also sets out voting eligibility limits, including a cap equivalent to 50 votes linked to holdings above 10,000 shares, and provides procedural instructions for attendance, voting and Q&A for online and in-person participation.