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South African Reserve Bank

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Article
/ 5 February 2009

Reserve Bank cuts repo rate by 100 basis points

The South African Reserve Bank’s monetary policy committee on Thursday decided to reduce the repo rate by 100 basis points to 10,5%.

By Staff Reporter
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Article
/ 30 January 2009

SA credit growth slows, giving bank room to cut rates

South African bonds overlooked a weaker rand to open firmer on Friday after credit extension and money supply data surprised to the downside.

By Evan Pickworth
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Article
/ 28 January 2009

Consumer inflation drops further

Consumer inflation eased further in December, Stats SA said on Wednesday, raising the chance of a 100 basis points cut in the repo rate next month.

By Staff Reporter
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Article
/ 22 January 2009

SARB move could mean aggressive cutting

The move by the Reserve Bank to bring its monetary policy committee meeting forward has led to suggestions that it’s keen to cut rates aggressively.

By Staff Reporter
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Article
/ 21 January 2009

November retail sales slide further

Growth in retail sales fell further in November, Statistics South Africa said on Wednesday, indicating continued strain in consumption activity.

By Staff Reporter
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Article
/ 21 January 2009

Reserve Bank should cut repo rate 100 points

The South African Reserve Bank should cut the repo rate by a full 100 basis points in February, Colliers International said on Wednesday.

By Staff Reporter
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Article
/ 17 December 2008

More rate cuts in 2009, economists predict

With both inflation falling and the economy weak, the Reserve Bank will have ample scope to cut interest rates next year, Nedbank said on Wednesday.

By Staff Reporter
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Article
/ 17 December 2008

SA inflation eases further

Consumer inflation eased further for a third consecutive month in November, Statistics South Africa said on Wednesday.

By Staff Reporter
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Article
/ 12 December 2008

Analysts expect more rate cuts in 2009

With downside risks to economic activity clearly outweighing upside risks to inflation, rates will continue to be cut through 2009, analysts expect.

By Staff Reporter
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Article
/ 11 December 2008

‘Rate cut was right thing to do’

The cut in the repo rate made by the South African Reserve Bank on Thursday was ”the right thing to do”, Standard Chartered Bank has said.

By Staff Reporter
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Article
/ 11 December 2008

Mboweni sees inflation easing

SA’s inflation rate is expected to return to within the central bank’s target range in the third quarter of 2009, says Governor Tito Mboweni.

By Staff Reporter
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Article
/ 11 December 2008

Survey: SA economic confidence at 19-month high

SA economic confidence surged to a 19-month high in November, a survey showed on Thursday, although overall output growth should remain sluggish.

By Staff Reporter
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Article
/ 10 December 2008

October retail sales shrink, backs rate cut

SA’s retail sales fell for the sixth month in a row in October, adding weight to the argument that the central bank should cut rates on Thursday.

By Staff Reporter
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Article
/ 10 December 2008

MPC meeting outcome not ‘cut and dried’

A further increase in inflation expectations could prompt the SA Reserve Bank to err on the side of caution, a Sanlam economist said on Wednesday.

By Staff Reporter
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Article
/ 9 December 2008

Current account gap widens as global economy slows

South Africa’s current account deficit widened to 7,9% of gross domestic product in the second quarter of 2008, partly due to a slower global economy.

By Staff Reporter
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Article
/ 25 November 2008

SARB shareholder demands R1m from Mboweni

SARB shareholder Mario Pretorius has demanded R1-million from the bank’s Governor, Tito Mboweni, for alleged defamation, he said on Tuesday.

By Staff Reporter
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Article
/ 7 November 2008

SA reserves fall on weak rand, lower gold prices

SA’s gold and foreign-exchange reserves dropped from $33,6-billion to $32,1-billion in October, as the rand weakened and gold prices fell.

By Staff Reporter
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Article
/ 5 November 2008

Reserve Bank says it remains focused on inflation

The South African Reserve Bank vowed on Tuesday to remain focused on its medium term inflation outlook despite the turmoil in global markets.

By Gordon Bell
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Article
/ 24 October 2008

SA inflation seen slowing in September

South Africa’s targeted consumer inflation is likely to have slowed for the first time in a year in September, a Reuters poll showed on Friday.

By Stella Mapenzauswa
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Article
/ 23 October 2008

Zuma affirms independence of Reserve Bank

The ANC has no intention of interfering with the independence of the South African Reserve Bank, ANC president Jacob Zuma said on Wednesday.

By Staff Reporter
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Article
/ 8 October 2008

All eyes on Reserve Bank rates meeting

The South African Reserve Bank kicked off a two-day policy meeting on Wednesday to decide on interest rates, with the repo likely to remain unchanged.

By Staff Reporter
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Article
/ 30 September 2008

Mboweni’s lawyers dealing with response to ‘racist’ spat

A letter asking Tito Mboweni to apologise for accusing a shareholder of speaking in a racist manner has been sent to his personal lawyers.

By Staff Reporter
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Article
/ 30 September 2008

SA credit growth slows, trade gap shrinks

SA’s credit and money supply growth eased in August, while the trade deficit shrank, giving the central bank more reasons to leave rates unchanged.

By Gordon Bel
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Article
/ 30 September 2008

SA August credit growth slows as rates bite

Growth in demand for credit by South Africa’s private sector slowed to 18,64% year-on-year in August, central bank data showed on Tuesday.

By Staff Reporter
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Article
/ 28 September 2008

SARB shareholder takes issue with Mboweni comment

An SARB shareholder’s lawyer has asked Reserve Bank Governor Tito Mboweni to apologise for a comment made at the bank’s AGM.

By Staff Reporter
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Article
/ 19 September 2008

SARB shareholder calls for Mboweni apology

Tito Mboweni, the governor of the SARB, was asked by a shareholder on Friday to apologise for a comment made at the bank’s AGM.

By Staff Reporter
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Article
/ 18 September 2008

Belligerence abounds at Reserve Bank AGM

The attitude of one of the shareholders at the South African Reserve Bank’s 88th annual general meeting (AGM) was racist, Tito Mboweni said.

By Staff Reporter
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Article
/ 18 September 2008

SA banks weathering the global storm

South African banks have little direct exposure to the United States mortgage-backed securities market, says Reserve Bank Governor Tito Mboweni.

By Staff Reporter
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Article
/ 18 September 2008

Mboweni: Inflation expectations have deteriorated

Inflation expectations have deteriorated somewhat, Reserve Bank Governor Tito Mboweni told a bank shareholders’ meeting on Thursday.

By Evan Pickworth
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Article
/ 8 September 2008

Tito gone fishing

Tito Mboweni was in the news this week because he was quitting to go fishing. This seems to have changed after chatting to the ANC’s Gwede Mantashe.

By Kevin Davie
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Article
/ 5 September 2008

Huge pay hike for Mboweni

Reserve Bank Governor Tito Mboweni has received a pay increase of more than 25% in the past financial year, the SABC reports.

By Staff Reporter
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Article
/ 5 September 2008

Hold tight to Tito

President Thabo Mbeki presided over a rather grey administration.The groupthink he encouraged has been disastrous for our country.

By Staff Reporter
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