The South African authorities are closely monitoring Europe’s worsening debt crisis but remain confident.
The 67% year-on-year leap in loans with no surety has raised the hackles of the National Credit Regulator.
The Reserve Bank says South Africa’s economy has been recovering since its lowest point in August 2009, mainly driven by household spending.
The increase in SA’s consumer price index was 4.6% year on year in May from 4.2% year on year in April, Statistics SA has said.
The South African Reserve Bank’s chief economist has said the strong rand has curbed the effects of oil and food prices on inflation.
The South African Reserve Bank’s business cycle indicator fell by 0.9% in March compared with the previous month, the bank said on Tuesday.
Consumer Price Inflation (CPI) rose in April to 4,2% year on year, Statistics South Africa said on Tuesday.
Business Unity South Africa said on Thursday it agreed with the decision by the Reserve Bank to leave interest rates unchanged for the time being.
The Reserve Bank will have to time interest rate tightening carefully as inflation was high in March and retail sales growth slowed in February.
South Africa’s headline consumer inflation accelerated more than expected to a nine-month high in March, mainly driven by higher food prices.
South Africa will monitor the effects of higher oil and food prices on inflation to determine when policy adjustments need to be made.
South Africa’s central bank will not be soft on inflation, Reserve Bank governor Gill Marcus said on Tuesday.
The markets will welcome the appointment on Friday of Lesetja Kganyago as new deputy governor of the South African Reserve Bank, an economist said.
Director General of the Treasury Lesetja Kganyago has been appointed the new deputy governor of the Reserve Bank, President Jacob Zuma has announced.
The creation of jobs has been sluggish but there has been some improvement in the domestic economy in the past 18 months, the Reserve Bank said.
South Africa’s current account gap narrowed to a seven-year-low in the fourth quarter of 2010, while expenditure slowed, the Reserbe Bank said.
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/ 23 February 2011
The South African Reserve Bank is to get an oversight committee co-chaired by its governor and the minister of finance.
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/ 20 January 2011
We won’t have more money in our pockets — but we should still use the low-interest-rate environment to reduce debt.
The South African Reserve Bank has left the repo rate unchanged at 5,5%, Governor Gill Marcus said on Thursday.
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/ 8 December 2010
Fiscal austerity programmes in Europe have the potential to derail economic recovery in other regions, Reserve Bank Governor Gill Marcus said.
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/ 12 November 2010
Local economists downbeat about the upcoming G20 meeting and expect developing countries to look to their own interests.
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/ 14 October 2010
Reserve Bank Governor Gill Marcus said on Wednesday the economy was in a fragile recovery and the strong rand was hurting the country.
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/ 22 September 2010
Inflows related to the Soccer World Cup helped narrow South Africa’s current-account deficit to a six-year low in the second quarter.
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/ 22 September 2010
South African Reserve Bank Governor Gill Marcus said on Wednesday there was "no easy answer" to deal with the strong rand currency.
As SA’s real interest rate climbs, many economists anticipate that the Reserve Bank will cut rates to boost growth and save jobs.
The Reserve Bank left its repo rate steady at 6,5% on Thursday, in line with expectations, as the economy stays on course to recover.
President Jacob Zuma says his government is discussing the rand’s current level, which some analysts say is too strong and hampers export growth.
The SA Reserve Bank is "likely" to cut the repo rate by 50 basis points at its monetary policy committee meeting on July 22, Standard Chartered said.
Spending in South Africa’s economy increased in the first quarter of 2010, the central bank said on Thursday in its June quarterly bulletin.
The Monetary Policy Committee of the SA Reserve Bank has kept the repo rate unchanged in a move welcomed by opposition parties.
SA’s government expects private shareholders unhappy with proposed changes to the Reserve Bank Act to challenge these changes in court.
Cabinet has approved the SA Reserve Bank Amendment Bill that will limit shareholders’ activities after a fringe group’s battle with the bank.