Latest articles on South African Reserve Bank

Money mistakes cause vicious debt cycle

People earning up to R20 000 spend 60% of their salaries paying off arrears, a recent report reveals

R350 a month: Inside the lives of special grant recipients

The Covid-19 relief grant helped millions of South Africans, but it ended in January. The M&G spoke to unemployed youth who found the money helpful

Covid caution infects investors

The pandemic has forced some companies to cancel or pause capital expenditure, jeopardising long-term economic growth

Business closures increase in December, according to Stats SA data

Despite the government’s efforts to lessen the economic shock of the pandemic and the lockdown, businesses are struggling to keep their doors open

Repo rate remains unchanged at 3.5%

The South African Reserve Bank’s MPC has decided to keep the repo rate unchanged, at 3.5%, to let the actions it took last year trickle down into the economy

The end of the office as we know it?

As more people continue to work from home, a decreased demand for commercial property is expected to continue as long as South Africa’s growth levels remain low

Wealth taxes and loosening monetary policy is playing with fire

A response to the article ‘Tax the superrich and raise inflation to cut state debt, inequality and poverty’ in the M&G on 10 November

Further Reserve Bank repo rate cut unlikely this year

The central bank estimates that gross domestic product (GDP) to contract by 8.2% in 2020

Covid wave brings second quarter slide

The gross domestic product numbers are likely to be gloomy, but the economy is not at ground zero

South Africa gets $4.3bn IMF loan. In return, the country must reform

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

SA’s economy expected to contract by 7.2% in 2020

The economy is in a depressed state, and Finance Minister Tito Mboweni has called for cautious use of the country’s finances to avert plunging into a sovereign debt crisis

Small firms adapt or die in lockdown

The harmful economic effect of the pandemic has seen small businesses lose out, but others have been able to survive by changing to suit the times

Reserve Bank cuts repo rate by 50 basis points

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

This time, the IMF is not to be feared

The International Monetary Fund’s emergency funding is cheaper than other options and is low risk. The Reserve Bank creating money to finance government debt is a better option

Mogajane: SA will stay on growth path

Government’s response to the coronavirus is unlikely to counteract the expected sharp decline of the country’s gross domestic product

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Latest

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Police warn against fake Covid-19 vaccines and urge the public to report any criminal activities

Zondo deplores ‘attempted killing’ of state capture witness who implicated Molefe

The deputy chief justice says an attack on one witness may deter many others from giving evidence

State’s failure to act leaves Mpumalanga community at land grabbers’ mercy

Mpumalanga land claimants have been failed by state organs, whose officials are not helping them to remove land invaders, despite a court order

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