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Gold and Foreign Exchange Contingency Reserve Account

Move to tap forex reserve is ‘sensible’
Business
/ 23 February 2024

Move to tap forex reserve is ‘sensible’

Commentators are cautiously positive about the treasury’s decision to use the Gold and Foreign Exchange Contingency Reserve Account

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By Sarah Smit
Budget 2024: State to tap into R500 billion forex reserve
Business
/ 21 February 2024

Budget 2024: State to tap into R500 billion forex reserve

The decision follows pressure from civil society and labour — as well as warnings that the treasury risks leaving the Reserve Bank in a precarious position

By Sarah Smit
Gold and forex reserve is no pot of cash, says Kganyago
Business
/ 23 November 2023

Gold and forex reserve is no pot of cash, says Kganyago

The Reserve Bank governor confirmed the central bank is in talks with the treasury over calls to tap the Gold and Foreign Exchange Contingency Reserve Account

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By Sarah Smit

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