Luxury resort development group to explain what happened to millions of clothing workers’ pension money after it was liquidated.
The rand tumbled over 2% against the dollar after the Reserve Bank announced there would be an important weekend statement.
Contrary to speculation that Gill Marcus is leaving the Reserve Bank, the "announcement of national importance" on Saturday will be "celebratory".
Contrary to speculation that Gill Marcus is leaving the Reserve Bank, the "announcement of national importance" on Saturday will be "celebratory".
Supply constraints, double-digit price hikes and power outages are taking their toll on the economy, experts say. And brace for more load-shedding.
Gill Marcus keeps rates on hold.
The South African Reserve Bank’s monetary policy committee has announced that the repo rate needs to remain constant to build a "stable" environment.
Homeowners with mortgages can take up offers not seen in the market for a long time.
Central banks are poised to lower rates and are calling for reduced exposure to the continent. Gill Marcus says the reserve bank is ready to act.
Reserve Bank governor Gill Marcus says the monetary policy will maintain its focus on hitting a 3% to 6% inflation target over the medium term.
Reserve Bank governer Gill Marcus cites global and local risk factors in holding rates steady.
The South African Reserve Bank has left the repo rate unchanged at 5.5%.
The Reserve Bank’s note about the economy has hinted at a chance of a rate cut, despite a stronger-than-expected performance in the factory sector.
Rising inflation and the slowing pace of growth in emerging markets will cloud the outlook of these countries for years to come, says Gill Marcus.
The global economy is close to another "Lehman-type" event and SA needs to cushion itself by reducing its dependence on European export markets.
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/ 23 September 2011
The Reserve Bank kept interest rates steady on Thursday, after a sharp overnight depreciation of the rand and amid darkening expectations.
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/ 22 September 2011
While the Reserve Bank has left the repo rate unchanged at 5.5%, economists warn that inflation will further pressurise the country’s economy.
In line with market expectations, Reserve Bank governor Gill Marcus says the repo rate will stay at 5.5%, its lowest level in 30 years.
Strategies to weaken the rand are not guaranteed to work, and such options are limited now that the state’s budget is in deficit, says Gill Marcus.
South Africa is confident of its growth forecasts and the fiscal policies outlined in its February budget, and has an "extreme crisis" plan.
Bleak forecasts for the global economy were echoed by similar warnings of tougher conditions from local economists this week.
The South African Reserve Bank has left the repo rate unchanged at 5.5% and the prime rate at 9%.
The South African authorities are closely monitoring Europe’s worsening debt crisis but remain confident.
Those debating the nationalisation of mines need to look at how well government-controlled entities function, Reserve Bank governor Gill Marcus said.
South Africa’s central bank will not be soft on inflation, Reserve Bank governor Gill Marcus said on Tuesday.
The markets will welcome the appointment on Friday of Lesetja Kganyago as new deputy governor of the South African Reserve Bank, an economist said.
The South African Reserve Bank remains concerned about the effects of rising oil and food prices on the outlook for inflation, Gill Marcus says.
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/ 7 February 2011
SA faces rising risks to its inflation outlook due to commodity prices, and inflation may move to the upper end of the 3% to 6% target range.
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/ 20 January 2011
Government’s attempts to curb the rapid strength of the rand were becoming increasingly costly and having little effect on the currency.
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/ 8 December 2010
Fiscal austerity programmes in Europe have the potential to derail economic recovery in other regions, Reserve Bank Governor Gill Marcus said.
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/ 3 December 2010
Ebrahim Patel sang praises of the new growth path document he released, but key stakeholders are treating it as a discussion point rather than policy.
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/ 1 December 2010
The independence of South Africa’s Reserve Bank is not undermined by new economic growth proposals unveiled by the government last week.