The South African Reserve Bank has published the Corporation for Public Deposits’ (CPD) annual financial statements for the year ended 31 March 2025. The CPD reported total comprehensive income of ZAR 775 million, transferred ZAR 775 million to its contingency reserve, and recorded no surplus funds available for transfer to government, with no dividend declared to the shareholder. The CPD is a wholly owned subsidiary of the South African Reserve Bank established under the Corporation for Public Deposits Act and accepts deposits from the public sector, investing mainly in short-term money market instruments, statutory liquid assets accepted by the central bank as collateral in refinancing operations, and securities issued by public entities under CPD Investment Guidelines. The statements were audited by SNG Grant Thornton Inc., and the reporting framework applies the CPD Act while using IFRS Accounting Standards as a guide, with reduced disclosure relative to IFRS 7 on market risk sensitivity analysis and certain credit risk and counterparty breakdowns. Under the CPD Act, the annual financial statements are required to be submitted to the Minister of Finance within six months after the end of the financial year for tabling in Parliament.
South African Reserve Bank 2025-07-03
South African Reserve Bank publishes Corporation for Public Deposits financial statements showing ZAR 775 million comprehensive income and no dividend
The South African Reserve Bank released the Corporation for Public Deposits’ annual financial statements for the year ending 31 March 2025, showing a total comprehensive income of ZAR 775 million, all transferred to its contingency reserve. The CPD, a subsidiary of the Reserve Bank, invests in short-term money market instruments and securities under CPD Investment Guidelines. Audited by SNG Grant Thornton Inc., the statements adhere to the CPD Act and IFRS standards with reduced disclosure on market and credit risk.