The president reappointed Reserve Bank governor Lesetja Kganyago, as well as deputy governors Fundi Tshazibana and Rashad Cassim
David Fowkes, who was appointed as an adviser to the governors last December, has worked for the Reserve Bank since 2013
But the department’s already reduced ranks may make it difficult to find someone with the technical know-how and clout to replace Dondo Mogajane
The Reserve Bank owns 50% of African Bank, the Public Investment Corporation owns 25% and a consortium of private banks own the remaining 25%
Reserve Bank is second to apply for liquidation and it remains to be seen if this causes a delay
South Africa’s ‘big four’ banks could have been locked out of the international payments system with ‘absolutely catastrophic’ results
The South African Reserve Bank’s deputy says the bank’s audited financial statements were not reliable
The bank on Wednesday morning reiterated that it had not been contacted by the NCR
The standing committee on finance held a briefing on progress made on VBS Mutual Bank, since it was placed under curatorship in March
Prudential authority chief Kuben Naidoo says although the probability of saving the bank has fallen, it is not at zero
This notion that the Reserve Bank decided to attack a black bank has got to be condemned says central bank governor
The Reserve Bank hasn’t found any untoward activity in a review of foreign exchange trading, but the Competition Commission is investigating.
South Africa’s national development plan and the ANC’s proposals have people talking, although the proposal is still a draft document.
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/ 16 September 2011
Today, almost half of South Africans are living below the poverty line, surviving on just over R500 a month — an improvement from 1993.