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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Pay-TV inquiry probes the Multichoice monopoly

Africa’s largest subscription television operator says it is under threat amid the emerging popularity of global platforms like Netflix and Amazon Prime

Covid-overflow hospital in ruins as SIU investigates

A high-level probe has begun into hundreds of millions of rand spent by the Gauteng health department to refurbish a hospital that is now seven months behind schedule – and lying empty

​No apology or comfort as another Marikana mother dies without justice

Nomawethu Ma’Bhengu Sompeta, whose funeral will be held this weekend, was unequivocal in calling out the government for its response to the Marikana massacre

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