The central bank estimates that gross domestic product (GDP) to contract by 8.2% in 2020
Three members of the South African Reserve Bank’s Monetary Policy Committee(MPC) have decided to keep rates unchanged at 3.5%
The gross domestic product numbers are likely to be gloomy, but the economy is not at ground zero
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 drops to 3.5% as Reserve Bank predicts a 7.3% contraction in South Africa’s GDP
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
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
With little money to respond to Covid-19, the government is looking at other sources of funding
The central bank warns of the harmful effect of Covid-19 on the economy, while the treasury details more plans to ease the pain
This takes the rate to 5.25% per annum, from 6.25%
To deal with climate change, central banks may have to encourage financial institutions to favour certain types of activities over others
One of the most pressing political crises started with our multibillionaire president being questioned in Parliament about R500 000
His reappointment as head of the Reserve Bank has been greeted as a positive move for stability
‘We have our own problems in South Africa — not least a fashionable debate over the role and independence of the Reserve Bank’
The Reserve Bank governor says the mandate of the bank is constitutionally enshrined
Thursday’s joint statement supporting the SARB comes after new deputy finance minister David Masondo is quoted questioning current monetary policy
‘President Cyril Ramaphosa and his supporters are forced to defend the Reserve Bank in the face of an illogical and insidious onslaught’
The party’s lekgotla agreed to changes in state buying, an important decision overshadowed by ‘poor economic understanding’ at Luthuli House
State support of Eskom and other parastatals places the financial sector’s stability at risk
The Reserve Bank governor was in Washington to deliver a speech on central bank independence at the Peterson Institute for International Economics
Should Moody’s downgrade the country, South Africa will fall out of important global government bond indices
The SARB has more than 700 shareholders spread across the world with the second highest number of shares in German hands
​Reserve Bank governor Lesetja Kganyago says the bank’s mandate already includes a focus on ‘balanced and sustainable growth’
Lesetja Kganyago says three of bank’s monetary policy committee preferred an unchanged stance, while three voted for a 25 basis point hike
The mistakes of the past should inform the politics of the future to ensure transformation, equality and economic growth
With the repo rate unchanged, the prime lending rate will stay at 10%
Governor Lesetja Kganyago warns of upward pressure on inflation and the challenging outlook for domestic growth
Governor Lesetja Kganyago says the central bank expects GDP growth of 1.2% in 2018, down from its previous estimate of 1.7%
The notes capture the life of Madiba from his birth to his inauguration as the first democratically elected president of South Africa
Retrenchments are in the offing at the embattled bank, amid allegations of fraud of ‘epic proportions’
The last time SARB cut the repo rate before March was in July 2017, when the MPC reduced the rate by 25 basis points from 7% to 6.75%
​Even though South Africa has got off to a positive start this year, it is too early to tell that the country is on a new growth trajectory