The South African Reserve Bank is unlikely to cut interest rates next month, because of inflationary pressures that lie ahead
The technology’s unalterable digital trail would reduce fiscal leaks and prevent large-scale corruption draining the public purse
There are alternatives which don’t add to the financial burden of citizens and which are better for fiscal sustainability
The monetary policy committee said it remains vigilant amid risks to inflation outlook on the global and domestic front
The treasury needs to focus on strengthening revenue collection, efficient allocation and optimisation
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
The SOC will be at the high court on Thursday to oppose an application for its liquidation
The bank does not have a solvency and liquidation problem, according to the department head
A third consecutive interest rate cut will help stimulate the economy, but the central bank will also be cautious about inflation pressures
Ithala’s provisional liquidation may result in the closure of 257 000 depositors’ accounts while legal proceedings are under way
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The governor of the central bank mulls targets as inflation drops
Throughout his career, Tito highlighted the importance of involving young people in governance structures alongside experienced leaders
Ramaphosa extended his condolences to Mboweni’s family and friends, calling the news “a shock”
This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band
Better than expected inflation outcomes domestically and globally back the case for the central bank to cut the repo rate to 8%, economists said
Efforts to reopen VBS as a commercial entity are ongoing, with a focus on regulatory oversight to prevent past mismanagement and corruption
Statistics South Africa data released on Wednesday showed that the CPI annual rate was 5.1% in June compared with 5.2% in May
Governor Lesetja Kganyago said the central bank would wait for the inflation rate to fall within its 3% to 6% target before it makes a cut
Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range
A survey found that residential rental vacancies had dropped to their lowest level since 2016, as buying becomes less attainable
Still-sticky inflation could further delay long-awaited interest rate cuts
The Financial Stability Review highlights resilience, but warns of geopolitical risks and high government debt exposure
Delivering the unanimous decision, central bank governor Lesetja Kganyago cited a still uncertain global outlook
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
Consumer inflation has eased but is still not comfortably within the central bank’s target of 3% to 6%
The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023
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The US Federal Reserve’s ‘higher for longer’ stance and local election jitters have weighed on the rand, adding to price pressures
The unbundling of the company will help parent, Transaction Capital, pay some of its debts
Faan van der Walt says the used-car seller has a winning formula and can withstand future economic challenges