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Reserve Bank

Ramaphosa talks up SA Inc ahead of World Economic Forum
Article
/ 18 January 2019

Ramaphosa talks up SA Inc ahead of World Economic Forum

The president he reminded participants of the work the government has done to stabilise government institutions

By Tebogo Tshwane
Inflation rises slightly to 5.1% in October — Stats SA
Article
/ 21 November 2018

Inflation rises slightly to 5.1% in October — Stats SA

The South African Reserve Bank’s monetary policy committee will be announcing its repo rate decision on Thursday

By Agency
VBS needs to be wound up ‘urgently’
Article
/ 2 November 2018

VBS needs to be wound up ‘urgently’

Reserve Bank is second to apply for liquidation and it remains to be seen if this causes a delay

By Lynley Donnelly
Mboweni misses the big picture
Article
/ 26 October 2018

Mboweni misses the big picture

Global finance, procurement fraud and mega projects flash warnings

By Patrick Bond
Giyani municipal CFO fired over suspected involvement in VBS saga
Article
/ 21 October 2018

Giyani municipal CFO fired over suspected involvement in VBS saga

​The Giyani municipality has confirmed that its CFO was fired following his alleged involvement in the VBS Mutual Bank debacle

By Agency
Another top VBS beneficiary clears the air
Article
/ 16 October 2018

Another top VBS beneficiary clears the air

The Free State Development Corporation was third on the list of those who received large sums of money from the embattled bank

By Sarah Smit
KPMG vows to work with Reserve Bank in wake of damning VBS report
Article
/ 11 October 2018

KPMG vows to work with Reserve Bank in wake of damning VBS report

KPMG executive chairperson Wiseman Nkuhlu says the firm will take stock of the investigation and cooperate with the Reserve Bank

By Khulekani Magubane and Kyle Cowan
New report backs criminal charges against VBS ‘captors’
Article
/ 10 October 2018

New report backs criminal charges against VBS ‘captors’

An explosive report commissioned by the Reserve Bank identifies alleged kingpins in the looting of the beleaguered mutual bank

By Sarah Smit
Investment barriers are problem No 1
Article
/ 7 September 2018

Investment barriers are problem No 1

Foreign direct investment is vital for economic growth

By Sabelo Mtantato
ANC divided over Reserve Bank
Article
/ 24 August 2018

ANC divided over Reserve Bank

EFF tries to force the ruling party’s hand to make the central bank state-owned

By Matuma Letsoalo Author
Patrice Motsepe’s ARC buys all of TymeDigital bank
Article
/ 8 August 2018

Patrice Motsepe’s ARC buys all of TymeDigital bank

ARC did not say what they paid for the 90% of the shares. The bank has not officially launched yet

By Agency
ConCourt grants Mkhwebane direct access to appeal personal costs order
Article
/ 24 July 2018

ConCourt grants Mkhwebane direct access to appeal personal costs order

In February, Mkhwebane was ordered to pay 15% of the legal costs of the South African Reserve Bank’s challenge to her Absa/Bankorp report

By Paul Herman
Fedusa calls for former PIC directors linked to VBS Bank to be declared delinquent
Article
/ 15 July 2018

Fedusa calls for former PIC directors linked to VBS Bank to be declared delinquent

Fedusa wants the pair to be declared delinquent directors for ‘failing to apply the highest standards of ethics and good corporate governance’

By Lameez Omarjee
Reserve Bank honours Madiba centenary with new banknotes
Article
/ 13 July 2018

Reserve Bank honours Madiba centenary with new banknotes

The notes capture the life of Madiba from his birth to his inauguration as the first democratically elected president of South Africa

By Thulebona Mhlanga
Mutual bank eyes niche markets
Article
/ 22 June 2018

Mutual bank eyes niche markets

What may be SA’s first female black-owned bank is due to disrupt the sector by targeting hawkers and taxi drivers

By Thulebona Mhlanga
The case against Mkhwebane
Article
/ 13 June 2018

The case against Mkhwebane

The DA is due to present its case on why the public protector should be removed from office and the strikes against her are not working in her favour

By Luke Feltham and Mashadi Kekana
Banks weather tough climate but brace for new auditing standards
Article
/ 1 June 2018

Banks weather tough climate but brace for new auditing standards

The banking sector has fared well despite a difficult economic climate

By Lynley Donnelly
VBS fined R2.5m for flouting money-laundering regulations
Article
/ 29 May 2018

VBS fined R2.5m for flouting money-laundering regulations

This is according to the 2017 annual report from the Reserve Bank’s banking supervision department, which was released on Tuesday morning

By Lynley Donnelly
SA interest rates unchanged
Article
/ 24 May 2018

SA interest rates unchanged

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%

By Agency
Lofty expectations for twin peaks
Article
/ 11 May 2018

Lofty expectations for twin peaks

But better regulation of SA’s financial services industry could mean higher bank charges

By Lynley Donnelly
Kganyago: Too soon to tell if SA economy is in the clear
Article
/ 10 May 2018

Kganyago: Too soon to tell if SA economy is in the clear

​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

By Lameez Omarjee
Reserve bank: Banks are free to choose their own auditors
Article
/ 19 April 2018

Reserve bank: Banks are free to choose their own auditors

The SARB on Thursday issued a statement following recent developments at KPMG.

By Lameez Omarjee
VBS Mutual Bank ‘severely mismanaged’ – SARB affidavit
Article
/ 11 April 2018

VBS Mutual Bank ‘severely mismanaged’ – SARB affidavit

SizweNtsalubaGobodo says there is reason to believe there has been fraudulent reporting and manipulation of financial information

By Lameez Omarjee
Connecting the dots between the hike in South Africa’s VAT and inflation
Article
/ 26 March 2018

Connecting the dots between the hike in South Africa’s VAT and inflation

The South African Reserve Bank needs to guide the market on how it is going to treat VAT increase in its inflation targeting approach

By Jannie Rossouw
Relief for consumers as CPI hits two-year low
Article
/ 20 March 2018

Relief for consumers as CPI hits two-year low

The SARB has managed to keep within its mandate to keep inflation at low levels.

By Thulebona Mhlanga
What happens when a bank is put into curatorship
Article
/ 18 March 2018

What happens when a bank is put into curatorship

The South African Reserve Bank was justified in placing VBS Mutual Bank under curatorship

By Jannie Rossouw
Cosatu ready for war over VAT hike
Article
/ 9 March 2018

Cosatu ready for war over VAT hike

Besides wanting more goods to be zero-rated, the federation is upping public sector wage demands

By Govan Whittles
ANC withdraws motion to debate nationalisation of Reserve Bank
Article
/ 6 March 2018

ANC withdraws motion to debate nationalisation of Reserve Bank

At the ANC’s 54th national conference, the party’s economic transformation committee resolved that the SARB should be nationalised

By Lameez Omarjee
SA economist whose work went global wrote with a deep idealism
Article
/ 23 February 2018

SA economist whose work went global wrote with a deep idealism

‘Terreblanche wrote with a deep idealism in a country frequently with the highest levels of inequality’

By Patrick Bond
On Mbeki, a R5 coin and the missing pages of history
Article
/ 21 February 2018

On Mbeki, a R5 coin and the missing pages of history

Will the ANC-led government honour Jacob Zuma the way it ought to have honoured Thabo Mbeki?

By Staff Reporter
Is Capitec Another Steinhoff? Not Quite.
Article
/ 1 February 2018

Is Capitec Another Steinhoff? Not Quite.

Capitec stock fell by about 20% when Viceroy Research released a report claiming that Capitec bank “is a wolf in ​a sheep’s clothing and a loan shark”

By Shaazia Ebrahim
CPI holds and the rand breaks R12
Article
/ 24 January 2018

CPI holds and the rand breaks R12

Finally, some good economic news!

By Thulebona Mhlanga
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