The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023
Some strategies for financial resilience
The US Federal Reserve’s ‘higher for longer’ stance and local election jitters have weighed on the rand, adding to price pressures
The unbundling of the company will help parent, Transaction Capital, pay some of its debts
Faan van der Walt says the used-car seller has a winning formula and can withstand future economic challenges
The ATM’s argument that she skirted this and other issues in the scandal had no merit, Gcaleka’s office has argued in court papers
Inflation is now expected to return to the Reserve Bank’s midpoint target at the end of 2025, later than previously forecast
Today’s monetary policy committee meeting comes in the wake of a surprise acceleration in South Africa’s annual inflation rate
The president reappointed Reserve Bank governor Lesetja Kganyago, as well as deputy governors Fundi Tshazibana and Rashad Cassim
With the country’s economy on the brink, the ‘Big Three’s’ employment and growth promises hold more weight than ever
Shored up by higher borrowing costs, South Africa’s banking sector seems to have to weather the 2023 economic storm
Some consider the decision to tap the forex reserve as a sign that the state can be swayed by the left. But the ANC-led government knows exactly how to neutralise progressive forces
Motorists are in store for another price hike come Wednesday
According to economists, the country’s fourth-quarter GDP numbers will have been buoyed by a winding down of power outages
According to the treasury, the country’s authorities still need to fulfil 17 tasks in its 22-point plan
The decision follows pressure from civil society and labour — as well as warnings that the treasury risks leaving the Reserve Bank in a precarious position
Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living
The International Monetary Fund has slashed South Africa’s 2024 growth forecast as the country’s economy grapples with logistics constraints
The local currency could be in for more volatility as political push-and-pull raises uncertainty
David Fowkes, who was appointed as an adviser to the governors last December, has worked for the Reserve Bank since 2013
Governor Lesetja Kganyago suggested the central bank will look for the inflation rate to fall within its target before it administers relief
After the release of the December inflation data, Investec chief economist Annabel Bishop said the Reserve Bank is likely to remain hawkish amid upside risks
Investors will struggle to look beyond the country’s energy and logistics crises
This year will finally see interest rates fall. But whatever relief the Reserve Bank administers, it will have come too late for some
Last year was dismal on a number of fronts. And although things probably won’t get exponentially better, there is some hope on the horizon
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
Despite ongoing volatility, the monetary policy committee revised its 2023 headline inflation forecast down slightly
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