National legislation must establish frameworks for determining the salaries, allowances and benefits of judges, the Public Protector, the Auditor-General, and members of any commission provided for in the Constitution, including the broadcasting authority referred to in section 192. Financial and Fiscal Commission Establishment and functions 220. There is a Financial and Fiscal Commission for the Republic which makes recommendations envisaged in this Chapter, or in national legislation, to Parliament, provincial legislatures and any other authorities determined by national legislation. The Commission is independent and subject only to the Constitution and the law, and must be impartial. Appointment and tenure of members 221.
Members serve for a term established in terms of national legislation.
The President may remove a member from office on the ground of misconduct, incapacity or incompetence. The Commission must report regularly both to Parliament and to the provincial legislatures. Central Bank Establishment 223. The South African Reserve Bank is the central bank of the Republic and is regulated in terms of an Act of Parliament. Primary object 224.