Latest articles on Lesetja Kganyago

Further Reserve Bank repo rate cut unlikely this year

The central bank estimates that gross domestic product (GDP) to contract by 8.2% in 2020

The repo rate remains unchanged at 3.5%

Three members of the South African Reserve Bank’s Monetary Policy Committee(MPC) have decided to keep rates unchanged at 3.5%

Covid wave brings second quarter slide

The gross domestic product numbers are likely to be gloomy, but the economy is not at ground zero

South Africa gets $4.3bn IMF loan. In return, the country must reform

The loan, which is repayable over five years at an interest rate of 1.1%, comes with various self-imposed conditions such cutting the public wage bill and rationalising support to the state-owned entities

Repo rate falls to 3.5% — its lowest since 1998

Repo rate drops to 3.5% as Reserve Bank predicts a 7.3% contraction in South Africa’s GDP

Reserve Bank cuts repo rate by 50 basis points

The Monetary Policy Committee has cut the repurchase rate by a further 50 basis points, after a two consecutive cuts of 100 basis points earlier this year

Government should offer debt guarantees

A research institution says the government should guarantee small businesses’ debt in order to keep the sector that employs millions of South Africans afloat amid Covid-19

No money to spare as GDP set to fall

With little money to respond to Covid-19, the government is looking at other sources of funding

GDP to contract 6.1% — Reserve Bank

The central bank warns of the harmful effect of Covid-19 on the economy, while the treasury details more plans to ease the pain

Repo rate cut by 100 basis points

This takes the rate to 5.25% per annum, from 6.25%

Central banks are waking up to climate change dangers. It’s about time

To deal with climate change, central banks may have to encourage financial institutions to favour certain types of activities over others

Editorial: The magic amount: R500 000

One of the most pressing political crises started with our multibillionaire president being questioned in Parliament about R500 000

Editorial: Bank woes – but not in SA

'We have our own problems in South Africa — not least a fashionable debate over the role and independence of the Reserve Bank'

Kganyago gets another five years

His reappointment as head of the Reserve Bank has been greeted as a positive move for stability

Kganyago describes expansion of central bank mandate as ‘noise’

The Reserve Bank governor says the mandate of the bank is constitutionally enshrined

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Latest

Hawks swoop down with more arrests in R1.4-billion corruption blitz

The spate of arrests for corruption continues apace in Gauteng and the Eastern Cape.

SANDF hid R200m expenditure on ‘Covid’ drug it can’t use

Military health officials are puzzled by the defence department importing a drug that has not been approved for treating coronavirus symptoms from Cuba

Epic fail: Africa’s Fortnite battle

Forced onto the backfoot by poor ping and overseas servers, African gamers are getting creative in an attempt to play one of the biggest competitive games. In the second instalment of our gaming corner, we chat to some of the innovators

Press Releases

Disrupt the corrupt

Whistle-blowers should be seen as real heroes in the fight against corruption and we need a change in culture for this to happen

Corporates: A force for good for a sustainable future

In order to see people and nature thrive what is required is a strong focus on partnerships – we cannot act alone anymore

Combatting wildlife crime in Southern Africa activity annual programme statement (APS) No. 04

Concept papers are sought for implementating activities, for a multi-faceted programme that aims to reduce poaching and illegal trade in wildlife

The financial decisions made during your life journey, and their impact on your retirement outcome

The longer you save towards retirement the larger your retirement savings are expected to be due to the effect of compounding interest

In conversation with SA Reserve Bank Governer, Lesetja Kganyago

'Make interest rates zero and inflation goes up and then people save less – we need savings to fund investment in this country'

Secure your business from cyber threats

Many business-grade security systems now have built-in learning systems and AI to help businesses stay up to date with protection

Mental Health

During the pandemic there's been a dramatic increase in depression, anxiety and suicides, according to some of the surveys done

Expert financial advice still recommended – especially in uncertain times

A financial advisor is an expert who will help you to protect your wealth and make a realistic plan when unexpected events threaten your wellbeing

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