Central Bank

/ 7 October 2021

‘I am not clear what ill the state bank would try to cure’ – Kganyago

The governor of the Reserve Bank asks what role a state bank would play in a country where more than 80% of the population has access to financial services

By Anathi Madubela

Business

/ 2 May 2021

Savings rise amid Covid fallout

Low interest rates usually encourage spending, but uncertainty created by the pandemic has driven people to save their cash in hard times

By Tshegofatso Mathe

Business

/ 25 March 2021

Reserve Bank keeps repo rate unchanged

The South African Reserve Bank cautioned that if it was not for load-shedding, the country’s economy could have been stronger

By Tshegofatso Mathe

Africa

/ 1 September 2020

South Sudan’s forex shortage highlights broader economic crisis

South Sudan has nearly run out of foreign currency – and this is just the tip of a much bigger economic crisis.

By David Mono Danga

Article

/ 20 November 2019

CPI drops to its lowest level in eight years

The low consumer price inflation could lead the central bank to cut interest rates, says economists

By Tshegofatso Mathe

Article

/ 4 September 2019

Central banks are waking up to climate change dangers. It’s about time

To deal with climate change, central banks may have to encourage financial institutions to favour certain types of activities over others

By Danny Bradlow

Article

/ 30 August 2018

Nigeria orders MTN to refund $8.13bn

This sanction is the latest to hit MTN since it began operations in Nigeria 17 years ago

By Agency

Africa

/ 25 October 2013

Zim: Mobile bank shakes up industry

The recently launched mobile banking platform EcoCashSave could further shake a banking sector already reeling under financial strain.

By Staff Reporter

Article

/ 10 September 2013

South Africa sells $2-billion of government bonds

South Africa has sold $2-billion of 12-year bonds in overseas debt markets after boosting the size of the offering.

By Jaco Visser

Article

/ 6 May 2013

Economic week ahead: Chinese data to dominate

A slew of data from China and central bank decisions in the UK, Australia and Kenya will likely dominate this week’s economic news.

By Matt Quigley

Article

/ 29 July 2012

Marcus: Further rate cuts should not be taken as a given

Gill Marcus has stated that further easing on interest rates can’t be taken for granted, and are contingent on inflation and global conditions.

By Reuters

No image available

Africa

/ 30 March 2008

Botswana CEO Mogae to exit the boardroom

Festus Mogae is to stand down as Botswana’s president on Tuesday after a decade in which his country cemented its status as one of Africa’s success stories despite fears it could be wiped out by HIV/Aids. Mogae, who hands over the reins of power to his long-time heir apparent Ian Khama, styled himself as the ”chief executive” of a nation of about two million.

By Monkagedi Gaotlhobogwe

No image available

Article

/ 4 February 2008

Warring Sri Lanka marks 60 years of independence

With a parade of tanks, troops and rocket launchers, Sri Lanka on Monday marked its 60th anniversary of independence from Britain amid tight security after a string of attacks blamed on Tamil Tiger rebels. Thousands of police and troops were on high alert in the capital Colombo as the island’s armed forces put on a show of military might.

By Simon Gardner

No image available

Article

/ 1 February 2008

Zimbabwe inflation hits record high

Zimbabwe’s inflation hit a record 26 470,8% in November 2007, Reserve Bank Governor Gideon Gono said in a monetary policy statement on Thursday. The figure rose from 7 982,1% in September. Zimbabwe’s Central Bank produced no inflation data for October.

By Staff Reporter

No image available

Article

/ 24 December 2007

Zuma to look into inflation targeting

Jacob Zuma, the new leader of the African National Congress said on Sunday that he would look at inflation targeting, a key monetary policy tool used by the Reserve Bank to reign in inflation. The country adopted the policy in 2000 as a framework through which the central bank estimates a ”target” inflation rate.

By Staff Reporter

No image available

Article

/ 9 October 2007

Mboweni: African monetary union a long way off

Africa is a long way off a common monetary union as the continent continues to struggle to harmonise economic policies, South Africa’s central bank Governor Tito Mboweni said on Tuesday. The Organisation of African Unity first mooted the idea of an African Central Bank and common currency in 1963.

By Phumza Macanda

‘I am not clear what ill the state bank would try to cure’ – Kganyago

Savings rise amid Covid fallout

Reserve Bank keeps repo rate unchanged

South Sudan’s forex shortage highlights broader economic crisis

CPI drops to its lowest level in eight years

Central banks are waking up to climate change dangers. It’s about time

Nigeria orders MTN to refund $8.13bn

Zim: Mobile bank shakes up industry

South Africa sells $2-billion of government bonds

Economic week ahead: Chinese data to dominate

Marcus: Further rate cuts should not be taken as a given

Botswana CEO Mogae to exit the boardroom

Warring Sri Lanka marks 60 years of independence

Zimbabwe inflation hits record high

Zuma to look into inflation targeting

Mboweni: African monetary union a long way off

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