Research shows that most local companies have invested more in their operations than they saved
In its application to review Mkhwebane’s report the Reserve Bank listed what it calls a number of “evidential factual inaccuracies therein”.
"Although offering consumers relief on interest payments, the cut is the product of stalled economic growth."
Legally, it won’t be a walk in the park to place the central bank in government hands – neither will it be cheap
Although the Reserve Bank is typically conservative and careful with its words, Kganyago’s affidavit pulls no punches.
"The public protector wants to rob a democratically-elected government of a central function."
Instead, it relies on the Ciex report, which is little more than a sales pitch by a bounty hunter.
The rand has strengthened 15% against the dollar this year after losing over 25% of its value in 2015.
The 2008 financial crisis exposed major gaps in central banks’ operations. New features like quantitative easing have since emerged.
Although the numbers were not anywhere as stellar as they first appeared, they are not the only ones to consider, and the news is not uniformly bad.
With the data of 1?600 Standard Bank customers, fraudsters gave the banks a cybersecurity scare
The board members of Abil were negligent and reckless, according to advocate John Myburgh’s now-public report.
South African Reserve Bank Governor Lesetja Kganyago announced an interest rate hike on Thursday, noting the influence of current political turmoil.
The SA History Archive is seeking evidence of economic crimes involving Wouter Basson, Vito Palazzolo and others during the apartheid years.
Almost tragic that the South African Reserve Bank leans towards confidentiality instead of public interest.
A South African Reserve Bank plane, in which a body was discovered, is under heavy military guard in Harare with millions of Rands on board.
The South African Reserve Bank has raised the benchmark interest rate by 25 basis points.
A foreign exchange review committee found no illegal activity, but alarms have been sounding over some troubling trading practices.
South Africa has raised its benchmark rate as inflation threatens to exceed the central bank’s target.
South African policy makers may decide that the time for talking is over, as they meet to decide on the first increase in borrowing costs in a year.
The nonbank sector is an alternative source of credit and should not be overregulated.
The Reserve Bank plans to make its review of local banks and other authorised dealers’ foreign exchange activities public by the end of the month.
Supervision practices are in the spotlight at the regulator, after the fall of African Bank.
The Reserve Bank hasn’t found any untoward activity in a review of foreign exchange trading, but the Competition Commission is investigating.
The Reserve Bank and the finance minister have asked the Constitutional Court to overturn a ruling on exit fee charges for capital leaving SA.
Inflation figures are good, but uncertainty over the oil price raises a question about interest rates.
The Reserve Bank’s Quarterly Bulletin shows real economic growth in the third quarter would have been 3.1% were it not for the metals sector strike.
SA’s data diary is full this week with updates on it’s current account, inflation, mining, manufacturing and retail sales over the coming days.
The holders of preference shares are at risk of losing their capital – but now there is an offer to acquire all of them.
The Reserve Bank’s final rates decision of the year and October’s inflation report are the big items on South Africa’s economic calendar this week.
New governor designate of the SA Reserve Bank, Lesetja Kganyago, will have to deal with steadily rising inflation and lacklustre economic growth.
Current deputy governor Lesetja Kganyago has been appointed as Gill Marcus’ replacement when her term as head of the bank ends in November.