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Dr Mampho Modise

Ramaphosa picks Mampho Modise as deputy Reserve Bank governor

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. (LinkedIn/ David Fowkes)

Kganyago plugs monetary policy committee holes with new member

David Fowkes, who was appointed as an adviser to the governors last December, has worked for the Reserve Bank since 2013

The former national treasury director-general and chairman of the Government Employees Pension Fund, Dondo Mogajane, has resigned from all professional roles and board positions. (Dwayne Senior/Bloomberg/Getty Images)

Treasury needs an insider director general

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

Economists widely expect the South African Reserve Bank’s monetary policy committee to once again hold the interest rate at 8.25% when it concludes its meeting on Thursday.

Reserve Bank could sell its stake in African Bank in two years

The Reserve Bank owns 50% of African Bank, the Public Investment Corporation owns 25% and a consortium of private banks own the remaining 25%

Kuben Naidoo, chief executive of the prudential authority, says the curator found VBS could not be resuscitated. (Oupa Nkosi/M&G)

VBS needs to be wound up ‘urgently’

Reserve Bank is second to apply for liquidation and it remains to be seen if this causes a delay

The banks did not disclose their reasons for cutting ties with the Guptas in 2016, citing the confidential client-bank relationship. (Gallo)

Reserve Bank warned of ‘catastrophic’ impact if banks kept Gupta accounts open

South Africa’s ‘big four’ banks could have been locked out of the international payments system with ‘absolutely catastrophic’ results

“We overly relied on the audited financial statements [of VBS],” said Kuben Naidoo.

Reserve Bank: Auditors were part of the VBS Mutual Bank conspiracy

The South African Reserve Bank’s deputy says the bank’s audited financial statements were not reliable

“We overly relied on the audited financial statements [of VBS],” said Kuben Naidoo.

SARB’s Kuben Naidoo clears Capitec confusion: There is no new probe

The bank on Wednesday morning reiterated that it had not been contacted by the NCR

“We overly relied on the audited financial statements [of VBS],” said Kuben Naidoo.

Reserve Bank: No guarantee municipalities will get VBS money back

The standing committee on finance held a briefing on progress made on VBS Mutual Bank, since it was placed under curatorship in March

“We overly relied on the audited financial statements [of VBS],” said Kuben Naidoo.

SARB confidence in saving VBS declines

Prudential authority chief Kuben Naidoo says although the probability of saving the bank has fallen, it is not at zero

Lesetja Kganyago said the central bank was looking at four 25 basis points hikes by the end of 2020. This would bring the repo rate to 7.5% by the end of 2020. (Bloomberg)

SARB: VBS Mutual Bank is not being punished because it’s black-owned

This notion that the Reserve Bank decided to attack a black bank has got to be condemned says central bank governor

Forex probe may stem from whistle blower or ‘confession’

The Reserve Bank hasn’t found any untoward activity in a review of foreign exchange trading, but the Competition Commission is investigating.

Vision of the future takes shape

Vision of the future takes shape

South Africa’s national development plan and the ANC’s proposals have people talking, although the proposal is still a draft document.

Poverty and inequality in South Africa

Today, almost half of South Africans are living below the poverty line, surviving on just over R500 a month — an improvement from 1993.