The Reserve Bank governor confirmed the central bank is in talks with the treasury over calls to tap the Gold and Foreign Exchange Contingency Reserve Account
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Despite ongoing volatility, the monetary policy committee revised its 2023 headline inflation forecast down slightly
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Despite inflation coming within a hair’s breadth of 6%, there is still reason to believe that the central bank will hold interest rates this week
However, inflation will probably remain elevated into next year
Extreme weather events are a key risk to insurers as the climate crisis threatens to ratchet up the price of cover
The South African Reserve Bank heard conflicting versions of the transactions – but accepted that of the president
As central bankers in the advanced world unite over the ‘higher for longer’ mantra, the Reserve Bank cautions against raising targets amid still-high inflation
Clothing and footwear have been the largest contributor to retail trade since October 2022
Central bank governor Lesetja Kganyago said the job of tackling inflation was not done yet
Inflation accelerated to 4.8% year-on-year in August, up from 4.7% in July, according to data from Statistics South Africa
With interest rates at a 14-year high, many South Africans have depleted their emergency savings
The central bank’s conclusion that the president did not have an obligation to report forex paid to, and stolen from, his Phala Phala farm was irrational, it argues in court papers
A boost to manufacturing and agriculture’s rebound has seen the country’s GDP expand 0.6% quarter-on-quarter
Newsrooms, like many workplaces around the country, are struggling — and we need to pay attention
The Reserve Bank governor said lower inflation gives central banks more room to respond to economic shocks
Head of treasury’s budget office Edgar Sishi said fiscal consolidation will have to be extended by at least another two years
As emerging markets struggle to claw back growth, rising geo-economic fragmentation is expected to make conditions even tougher
Speakers at the South African Reserve Bank’s biennial conference seemed to favour a ‘higher for longer’ approach to interest rates amid ongoing economic uncertainty
Nor could it release the report, because this would see it breach its founding Act, the central bank governor told MPs
Interest rates will probably remain much higher than their pre-pandemic average, as the Reserve Bank guards against ongoing inflation risks
The inflation rate eased to 4.7%, the lowest since August 2021
The president did not violate any exchange control regulations, the central bank has found after a lengthy investigation
Mining windfall helped SA’s financial position, but lower revenues and additional spending will delay the end of fiscal consolidation
Chile and Brazil are leading the pack with their recent interest rate cuts but South Africa is on its own timeline
South Africa, and the world, seem to be emerging out of an inflation-induced economic malaise. But as the world heats up, so will prices
The retailer has struggled amid more intense competition and as consumers continue to feel the pinch
Sticky inflation in major economies suggests that average interest rates will remain high and upside risks to the domestic inflation outlook remain
The slowdown will probably influence the central bank’s decision on interest rates
The Reserve Bank has already lifted rates 10 times since November 2021
The central bank told the court that Berdine Odendaal had a repudiated an agreement to be given access to frozen funds by demanding more
A higher cost of borrowing is generally good for bank profit margins – until it isn’t
Financial conditions are tight but demand for credit has remained robust in the face of interest rate hikes