Kuben Naidoo
latest news & developmentsRamaphosa 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
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
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
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%
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
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
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
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
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
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
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
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.