Implement monthly sweeping of balances in operational accounts of eight M&As held at the CBL into the treasury’s operational account.
Introduced at R1. Justification: Improve cash management with a view to eliminate idle accounts. At R1, in process. Pilot phase of monthly sweeping to begin by end June 2013. At R2, Implemented with delay. A pilot phase of monthly sweeping commenced on August 16 and sweeping for the month of September 2013 was concluded.