ARTICLE · 12 AUGUST 2025

Ensuring Cybersecurity And Resilience

SNG Grant Thornton

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The South African Reserve Bank (SARB) has issued directives and Joint Standards that impact IT and Cybersecurity, setting a comprehensive regulatory framework to enhance the security and resilience of financial institutions.

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SNG Grant Thornton

Background and Overview

The South African Reserve Bank (SARB) has issued directives and Joint Standards that impact IT and Cybersecurity, setting a comprehensive regulatory framework to enhance the security and resilience of financial institutions. On May 17, 2024, the SARB issued Directive No. 01 of 2024, titled "Directive in Respect of Cybersecurity and Cyber-Resilience within the National Payment System." This directive, along with Joint Standard 1 of 2023 (IT Governance and Risk Management Requirements for Financial Institutions) and Joint Standard 2 of 2024 (Cybersecurity and Cyber Resilience Requirements for Financial Institutions), establishes a regulatory framework for strengthening

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