The cost of manufacturing goods in South Africa rose higher in August than last month, meaning more pressure on consumer prices.
Governor Gill Marcus says the South African Reserve Bank will maintain the current repo rate.
The SA Reserve Bank deputy governor has assured the public that the bank will react should inflation breach the 6% mark for a prolonged period.
SA inflation figures, indicators of growth in Europe and China, US corporate earnings reports and elections in Japan will make for a busy week.
The South African Reserve Bank has announced it would keep the repo rate unchanged at 5%.
The SA Reserve Bank will announce its latest rates decision. No change is expected as policymakers balance inflation risks against growth concerns.
Results show manufacturing has rebounded, but the outlook for the sector is expected to remain challenging.
The cost of goods leaving factories rose at a slower pace in May than the previous month, easing pressure on the Reserve Bank to raise interest rates.
The rand has fallen even deeper, with the South African currency losing 1.7% of its value against the dollar in early trading on Monday.
Reserve Bank Governor Gill Marcus says rising inflationary risks from a weaker rand and a slowing economy are limiting room to adjust interest rates.
Low interest rates are not the only solution for economic growth, says South African Reserve Bank governor Gill Marcus.
The Reserve Bank governor has said policy makers’ core mandate is to control inflation even as economic growth forecasts are set to be lowered.
South Africa’s monetary policy committee is due to discuss interest rates this week and the rand’s weakness is most likely to dominate the agenda.
The Reserve Bank’s monetary policy committee has kept the repo rate unchanged at 5%.
Nelson Mandela is excited about the new banknotes bearing his image which went into circulation on Tuesday, Reserve Bank governor Gill Marcus said.
Trade has been the most important driver of international growth over the past 60 years and is a key to creating jobs in emerging markets such as SA.
The impact of strikes in mining and transport will have long-term effects on the economy that cannot be quantified yet, writes Faranaaz Parker.
Reserve Bank Governor Gill Marcus has warned that South Africa’s economic outlook is deteriorating rapidly, with strikes likely to lead to job losses.
Food and petrol price rises are expected to pose the greatest risk to inflation in the near future.
The South African Reserve Bank has left the repo rate unchanged at 5%, saying there was no need for more monetary loosening.
The economy produced a mixed bag of news in the second quarter of the year, as reflected in the Reserve Bank’s Quarterly Bulletin.
Despite making substantial losses, the Reserve Bank’s financial statements have been approved, writes Lisa Steyn.
Gill Marcus has stated that further easing on interest rates can’t be taken for granted, and are contingent on inflation and global conditions.
South African Reserve Bank governor Gill Marcus has announced a cut in the repo rate by 50 basis points to 5%.
With price pressures easing and growth slowing, a rate cut is possible when the reserve bank issues its rates decision this week, writes Matt Quigley.
Reserve Bank governor Gill Marcus says South Africa has great growth potential compared to most countries, but people underestimate it.
The reserve bank says South Africa’s outlook remains modest, with a recovery in domestic demand and supply expected barring further global turmoil.
The monetary policy committee on Thursday decided to leave the repo rate — at which the Reserve Bank lends to commercial bank at 5.5%.
Reserve Bank governor Gill Marcus has again announced interest rates will remain unchanged at 5.5%.
In an unprecedented move to bombproof SA’s major lenders, a multibillion-rand emergency fund has been set up to help them weather any liquidity storm.
Stephen Goodson has been on the South African Reserve Bank’s board from 2003. He holds extremist views on Hitler’s Germany and Gaddafi’s Libya.
The South African Reserve Bank has left the repo rate unchanged at 5.5%, while the prime rate will stay at 9%.