Corporation for Public Deposits
Subsidiary · Central Government Administration · reports to South African Reserve Bank (SARB)
The Corporation for Public Deposits is a wholly owned subsidiary of the South African Reserve Bank, established under the Corporation for Public Deposits Act, 1984 (Act No. 46 of 1984).
It accepts call deposits from the public sector, including government departments, provincial administrations, public entities and municipalities, and invests those funds in short-term money market instruments such as treasury bills, government paper and short-dated bank deposits.
It provides a secure, liquid place for public sector institutions to hold surplus cash on a short-term basis, and its operations are integrated with the Reserve Bank’s money market management. Its accounts are reported as part of the Reserve Bank group.
Audit record
No audited financial statements are published for this entity in the source data. Colleges and some subsidiaries report through their parent department.
Description written for this directory from the entity’s own published sources: www.resbank.co.za, www.gov.za