Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say
The South African Reserve Bank has warned of an upside risk to the inflation outlook
This was despite the central bank highlighting upside risks to the inflation outlook
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This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band
Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
Some strategies for financial resilience
Data released on Wednesday showed that the annual rate accelerated to 5.4%, from a previous reading of 4.8%
Switch off lights and appliances when not in use, and reduce the temperature on your geyser, the president said
New interbank payment programme PayShap will benefit consumers and small businesses, helping to reduce reliance on cash and boosting safety and convenience
Analysts believe it will be easier to build a case against the former Steinhoff CEO on ‘lesser crimes’ instead of complex international investment fraud
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
Food inflation was unchanged at 6.7% in July, but remained elevated on continued upward pressure from prices for meat and the oils and fats category.
Higher international oil prices, for example, could affect local transport costs through second-round effects
Low interest rates usually encourage spending, but uncertainty created by the pandemic has driven people to save their cash in hard times
Current cases make it highly debatable whether those in the boardroom know what they’re doing
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
Repo rate drops to 3.5% as Reserve Bank predicts a 7.3% contraction in South Africa’s GDP
The rate also helps target inflation. The recent inflation rate is at 4.3% — which is well within the central bank’s target of 3% – 6%
Should Moody’s downgrade the country, South Africa will fall out of important global government bond indices
The Free State Development Corporation was third on the list of those who received large sums of money from the embattled bank
KPMG executive chairperson Wiseman Nkuhlu says the firm will take stock of the investigation and cooperate with the Reserve Bank
An explosive report commissioned by the Reserve Bank identifies alleged kingpins in the looting of the beleaguered mutual bank
The South African Reserve Bank’s deputy says the bank’s audited financial statements were not reliable
Retail depositors refers to individuals, funeral schemes, burial societies, savings clubs and stokvels
The standing committee on finance held a briefing on progress made on VBS Mutual Bank, since it was placed under curatorship in March
Prudential authority chief Kuben Naidoo says although the probability of saving the bank has fallen, it is not at zero
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%
Nedbank Group’s Economic Unit forecasted on Monday that interest rates in South Africa will remain unchanged into late 2019
The SARB on Thursday issued a statement following recent developments at KPMG.