{"id":864102,"date":"2026-06-19T14:00:00","date_gmt":"2026-06-19T12:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=864102"},"modified":"2026-06-19T14:08:04","modified_gmt":"2026-06-19T12:08:04","slug":"a-look-at-the-newest-feature-of-the-reserve-banks-r3-6-billion-redevelopment","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/864102\/a-look-at-the-newest-feature-of-the-reserve-banks-r3-6-billion-redevelopment\/","title":{"rendered":"A look at the newest feature of the Reserve Bank’s R3.6 billion redevelopment"},"content":{"rendered":"\n

The South African Reserve Bank (SARB) has opened a new museum at its Pretoria Head Office, as it seeks to “demystify” its operations.<\/p>\n\n\n\n

At the launch, Reserve Bank Governor Lesetja Kganyago said the central bank is often misunderstood by the public, with many unsure what it does. <\/p>\n\n\n\n

The Governor joked that members of the public believe that there are gold bars in the SARB building and that the bank is sitting on “quintillions of rands”.\u00a0<\/p>\n\n\n\n

Given the misunderstanding around the bank, the new museum intends to highlight its history and its work.<\/p>\n\n\n\n

However, it is not limited to monetary policy history; it also includes paintings, sculptures, films, and games. <\/p>\n\n\n\n

The museum also hopes to help students gain a desire to study and understand Monetary Policy.\u00a0<\/p>\n\n\n\n

It showcases money stories, the early beginnings of currency, with an exhibition focused on the history of Mapungubwe, which was famed for its gold.<\/p>\n\n\n\n

The museum also traces the history of the SARB during the colonial, apartheid and democratic eras. <\/p>\n\n\n\n

The SARB also showcases the Historic Nederduitse Kerk next to its building, which was declared a national monument in 1980.\u00a0<\/p>\n\n\n\n

It has dedications to former governors Chris Stals, Tito Mboweni, and Gill Marcus, and also features an exhibition on the advancement of women at the bank.<\/p>\n\n\n\n

The museum was created as part of the SARB\u2019s multi-billion-rand redevelopment of its head office. The iconic head office in Pretoria\u2019s CBD had not been upgraded in over 40 years.\u00a0<\/p>\n\n\n\n

Construction consultancy firm MMQS said the redevelopment of the Reserve Bank’s office had a project value of R3.6 billion. <\/p>\n\n\n\n

The SARB\u2019s campus was unable to meet its digital requirements and was too small following the creation of the Prudential Authority. <\/p>\n\n\n\n

The museum was opened alongside President Cyril Ramaphosa and Finance Minister Enoch Godongwana. <\/p>\n\n\n\n

With a focus on engaging visitors with the Reserve Bank’s history, a game at the exhibition has players make monetary policy decisions.<\/p>\n\n\n\n

After showing Ramaphosa the game, Kganyago quipped that this would be the only time monetary, government, and fiscal officials would work together to set monetary policy.<\/p>\n\n\n\n

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Photos of the new Reserve Bank Museum <\/h2>\n\n\n
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The South African Reserve Bank has opened a new museum, as part of its R3.6 billion head office redevelopment.<\/p>\n","protected":false},"author":95,"featured_media":856137,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[],"class_list":["post-864102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/864102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=864102"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/864102\/revisions"}],"predecessor-version":[{"id":864132,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/864102\/revisions\/864132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/856137"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=864102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=864102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=864102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}