The president is facing challenges at every turn, among them the economy, the state of SOEs and factionalism within the ANC. Only if Ramaphosa and his party work together will they be able to turn their declining fortunes around
The South African Reserve Bank’s monetary policy committee has unanimously decided to reduce the repo rate by 25 basis points, to 6.25%. This is the rate at which the bank lends money to other banks, which then lend it to people for things such as mortgages. The central bank revised the forecasted GDP growth for […]
South Africa’s credit rating outlook is revised from stable to negative, but not downgraded to junk status at this stage
In a move that will bring some relief to consumers the South African Reserve Bank (SARB) cut its repo rate on Thursday to 6.5% The step was largely expected, particularly in light of weak local economic growth which is expected to keep inflation in check as well as moves towards easing monetary policy globally. It […]
Some observers say central banks can best mitigate risks to their independence by returning to the narrow price-stability mandate
‘We have our own problems in South Africa — not least a fashionable debate over the role and independence of the Reserve Bank’
His reappointment as head of the Reserve Bank has been greeted as a positive move for stability
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
The Reserve Bank owns 50% of African Bank, the Public Investment Corporation owns 25% and a consortium of private banks own the remaining 25%
President Cyril Ramaphosa reaffirms mandate of the SARB, but says price stability while necessary is not a sufficient condition for economic growth.
Who comes first: the country or the party? Last week’s lekgotla provided a disturbing answer
Its integrity commission has found that factional battles are harming the party’s ability to function
‘President Cyril Ramaphosa and his supporters are forced to defend the Reserve Bank in the face of an illogical and insidious onslaught’
Disastrous events caused by climate change are a growing risk for the industry
ANC top six meet to discuss economic situation amidst spat over the mandate of central bank with the party distancing itself from Magashule’s comments
State support of Eskom and other parastatals places the financial sector’s stability at risk
Liquidators are investigating the auditing firm’s sign-off on financial statements, while two former executives also pursue a lawsuit against it
The Reserve Bank governor was in Washington to deliver a speech on central bank independence at the Peterson Institute for International Economics
VBS is bankrupt and was liquidated in November, after being placed under curatorship by the South African Reserve Bank in March 2018
The bulk of the Reserve Bank’s shareholders are individuals,but include trusts, pension funds, unions, a library, and an archbishop
The SARB has more than 700 shareholders spread across the world with the second highest number of shares in German hands
President Ramaphosa was speaking during his final question and answer session for the fifth Parliamentary term before elections
The negotiations with Huarong Energy Africa had raised a number of red flags since they commenced in late 2016
‘In practice, bond notes have rarely traded at 1:1 with the US dollar. On the black market, the rate can be as high as 4:1’
Unemployment, state debt and public sector burden and structural rigidities will affect growth
​Reserve Bank governor Lesetja Kganyago says the bank’s mandate already includes a focus on ‘balanced and sustainable growth’
The president he reminded participants of the work the government has done to stabilise government institutions
The South African Reserve Bank’s monetary policy committee will be announcing its repo rate decision on Thursday
Reserve Bank is second to apply for liquidation and it remains to be seen if this causes a delay
Global finance, procurement fraud and mega projects flash warnings
​The Giyani municipality has confirmed that its CFO was fired following his alleged involvement in the VBS Mutual Bank debacle