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/ 4 September 2008
SA’s near-term inflation outlook remains disappointing and the central bank will consider the necessary steps to bring it within the target range.
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/ 2 September 2008
Reserve Bank Governor Tito Mboweni said on Tuesday that he will complete his current term in August 2009, and if asked to serve another term, he will.
Reserve Bank Governor Tito Mboweni can be proud of implementing sound economic policies, but he has faced criticism for defending inflation targets.
Reserve Bank Governor Tito Mboweni is to step down next year when his term of office expires, according to a media report on Friday.
Private sector credit demand growth eased to 19,81% year-on-year in July, data showed on Friday, pointing to consumers slowly cutting back on debt.
Consumers will be shrinking from the pain of high interest rates for a year or so more.
If SA’s slide into recession is to be reversed, interest rates must not just remain unchanged but come down, says Cosatu.
The South African Reserve Bank is expected to leave interest rates unchanged at the end of a two-day policy meeting on Thursday.
The South African Reserve Bank monetary policy committee’s rates meeting started on Wednesday morning.
In July the SA Reserve Bank maintained the slower pace of reserve accumulation, despite the strength of the rand, Nedbank’s economic unit says.
South Africa was better off with using inflation targeting as an instrument of monetary policy, the governor of the SA Reserve Bank said on Tuesday.
The South African Reserve Bank’s August rate decision could go either way, Nedbank’s Economic Unit said on Tuesday.
Growth in demand for credit by South Africa’s private sector quickened in the year to June, data showed on Tuesday.
The SARB said on Tuesday that the South African banking system remained stable and banks were adequately capitalised during 2007.
Should analysts and economists publicly raise concerns about issues that affect millions of South Africans, only to be condemned for doing so?
The secret talks between Morgan Tsvangirai and Robert Mugabe are not a "new dawn" for Zimbabwe, as some South African media seem to imagine.
The driving forces of inflation in South Africa have spread beyond food and fuel, Reserve Bank Governor Tito Mboweni said on Wednesday.
South Africa has a well-regulated and capitalised banking system which has been largely unaffected by the United States subprime market crisis.
SA has a well-regulated and capitalised banking system that has been largely unaffected by the US subprime crisis, the Reserve Bank said on Tuesday.
The South African Reserve Bank accumulated reserves at a faster pace in June, following two months where reserves only rose modestly.
South Africa launched a special coin on Monday as part of celebrations for the 90th birthday of former president Nelson Mandela.
South Africa’s credit growth rose slightly to 19,74% year-on-year in May, slightly above forecasts, data showed on Monday.
Investors have concerns about South Africa, former Federal Reserve chairperson Alan Greenspan told a conference in Sandton on Tuesday.
SA is braced for a slowdown after a stretch of solid growth, as higher interest rates coupled with rising food and fuel costs are set to bite.
The South African Reserve Bank’s Monetary Policy Committee on Thursday decided to increase the repo rate by 50 basis points to 12%.
The monetary policy committee (MPC) of the South African Reserve Bank starts a two-day meeting in Pretoria on Wednesday to discuss what to do about inflation being outside the target of 3% to 6%.
Although now is not the right time to meddle with the inflation-targeting framework, an assessment will be appropriate once the dust has settled, said an economist on Wednesday.
South Africa’s targeted inflation is not expected back in the 3% to 6% band before the end of 2009, and there are significant upside risks to this forecast, South African Reserve Bank Governor Tito Mboweni said on Tuesday. The Reserve Bank has raised its repo rate by 450 basis points to 11,5% since June 2006 to try to tame inflation.
South Africa’s key CPIX (consumer inflation less mortgage costs) is unlikely to return to within the 3% to 6% target band before 2010, a senior South African Reserve Bank official said on Monday. The targeted gauge jumped unexpectedly to a near five-and-a-half-year high of 10,4% year-on-year in April.
President Thabo Mbeki has failed to provide leadership and should be recalled from the presidency to make way for early elections, the South African Communist Party (SACP) said on Sunday. The SACP blamed Mbeki for a recent wave of violence against foreigners in which 62 people have been killed.
The National Energy Regulator of South Africa has quietly postponed its final decision on Eskom’s application for a 53% tariff hike to June 18. By Thursday the regulator had not yet posted notice of the change in its decision date on its website, despite the conclusion of this week’s public hearings into the proposed tariff increases.
South Africa has experienced the highest rate of food-price inflation since January 2003, the National Agricultural Marketing Council said in its quarterly food price monitor on Thursday. From April 2007 to April 2008 the increase in the Consumer Food Price, as reported by Stats SA, was 15,7%.