If you have never heard of the Corporation for Public Deposits (CPD), no-one would blame you.

However, the little known subsidiary of the Reserve Bank serves a fairly important role — it takes public-sector cash and invests it, predominantly in short-term government instruments, such as Treasury bills, commercial bank instruments and state-owned entity (SOE) paper.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now