With re-election as ANC leader seemingly assured, there are questions about the impact of the exchange control probe by the central bank
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Consumer inflation hit 7.6% year-on-year in October, bucking the downward trend that had been anticipated after the July ‘peak’
The market is set to slow as consumers feel higher bond costs but the slump will not be as dramatic as in economies where buoyancy is the rule not the exception
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The Reserve Bank governor has cautioned against ‘reckless’ fiscal and monetary policies amid global shocks
‘The worst is yet to come,’ the IMF said about the global economy this week. But, for now at least, South Africa’s inflation looks to be subsiding
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Two of the monetary policy committee’s five members preferred an even more painful 100 basis point hike, as bank remains hawkish
Lesetja Kganyago defended the bank’s inflation-targeting regime amid criticism that it will do little to cushion consumers against external shocks
In a split decision, the bank’s monetary policy committee increased the repo rate, which affects the cost of borrowing, by 75 basis points
This is according to some economists, who say the Reserve Bank got ahead of the curve before inflation became entrenched
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There is a lot bearing down on South African consumers and, without growth, the economy stands to decline
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Economic and financial conditions are expected to remain more volatile for the foreseeable future, says central bank
Reserve Bank says depositors will still have access to money and the bank will be operational during the process
High prices have been more stubborn than previously expected, forcing monetary policymakers to react
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
Distributed ledger technology, most commonly used to trade and store cryptocurrencies, could have a massive impact on the traditional financial system
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The central bank has been criticised for hiking interest rates to the detriment of employment
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Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effect
The decision to hike the repo rate by 25 basis points comes in the wake of red-hot inflation in advanced economies and fears policymakers will start to dial back on accommodative measures
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Analysts say the Reserve Bank could start tightening monetary policy as early as next month
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The governor of the Reserve Bank asks what role a state bank would play in a country where more than 80% of the population has access to financial services
Inflation rose well beyond the Reserve Bank’s midpoint target in August
The Thursday-night discussion was held a week after riots gripped the nation, renewing calls for a basic income grant
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Last week’s violence will likely slow South Africa’s economic growth, the central bank’s monetary policy committee said on Thursday afternoon
Reserve Bank governor Lesetja Kganyago makes a case for a lower target, though the trade union federation prefers job creation
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It’s a history littered with lessons and crumbs of what was to become the SAA privatised
The South African Reserve Bank governor believes the state has to spur growth, restore the country’s public finances and arrest debt to escape the economic slump
Reserve Bank stands at the ready to act if the rise in inflation threatens to become permanent
The businessman alleges that money from a heritage fund meant for the poor has been stolen. But treasury and the Reserve Bank have called the fund a scam
The South African Reserve Bank cautioned that if it was not for load-shedding, the country’s economy could have been stronger
The banking sector will be in a vulnerable position if the national treasury does not stabilise its debt
Despite the government’s efforts to lessen the economic shock of the pandemic and the lockdown, businesses are struggling to keep their doors open
The South African Reserve Bank’s MPC has decided to keep the repo rate unchanged, at 3.5%, to let the actions it took last year trickle down into the economy