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South African Reserve Bank

Reserve Bank lifts repo rate by 25 basis points in the wake of load-shedding’s economic hit
Business
/ 26 January 2023

Reserve Bank lifts repo rate by 25 basis points in the wake of load-shedding’s economic hit

The country’s energy crisis stands to shave two percentage points off growth in 2023

By Sarah Smit
South Africa’s economy hangs in the balance as energy crisis persists
Business
/ 12 January 2023

South Africa’s economy hangs in the balance as energy crisis persists

Finance Minister Enoch Godongwana said ending blackouts is at the top of the government’s priorities as the country grapples with tough economic conditions

By Sarah Smit
JSE hands Jooste 20-year ban while Steinhoff criminal investigation continues
Business
/ 11 January 2023

JSE hands Jooste 20-year ban while Steinhoff criminal investigation continues

Markus Jooste is still challenging JSE fines totalling R15 million for his role in the balance sheet scandal

By Emsie Ferreira
Reserve Bank changes to keep economy afloat are dead in the water
Business
/ 10 January 2023

Reserve Bank changes to keep economy afloat are dead in the water

The ANC has made the call for more flexible monetary policy before, but has dithered in seeing it through

By Sarah Smit
Explainer: What forces will shape South Africa’s economy in 2023?
Business
/ 5 January 2023

Explainer: What forces will shape South Africa’s economy in 2023?

Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around

By Sarah Smit
Eskom debt down R5.5bn, but balance sheet pressure is high
Business
/ 23 December 2022

Eskom debt down R5.5bn, but balance sheet pressure is high

Eskom debt down R5.5bn, but balance sheet pressure is high

By Sarah Smit
Restructure Reserve Bank ownership, but do so cautiously, says ANC
Business
/ 17 December 2022

Restructure Reserve Bank ownership, but do so cautiously, says ANC

The ruling party has repeated its proposal to nationalise the central bank’s ownership and mandate, but says it must be done in a way that is conscious of costs

By Sarah Smit
Interest rates, poverty and the burden of debt
Opinion
/ 15 December 2022

Interest rates, poverty and the burden of debt

Rising interest rates and living costs deal a double blow to the poor

By Anele Ngidi
A too-tight budget hurts more than just Eskom
Opinion
/ 14 December 2022

A too-tight budget hurts more than just Eskom

With the economy in crisis, worsened by load-shedding, the fiscus must be more responsive

By Sarah Smit
Inflation cools to 7.4% year-on-year
Business
/ 14 December 2022

Inflation cools to 7.4% year-on-year

Prices have slowly retreated from their July peak, when inflation increased at its highest rate since 2009

By Sarah Smit
Is it time for the Gospel According to St Paul, as Mashatile eyes the ANC presidency?
Opinion
/ 9 December 2022

Is it time for the Gospel According to St Paul, as Mashatile eyes the ANC presidency?

The ANC treasurer is being punted as a compromise — rather than a compromised — presidential candidate

By Paddy Harper
Economic policy a sideshow to ANC spectacle
Business
/ 9 December 2022

Economic policy a sideshow to ANC spectacle

Investors will watch President Cyril Ramaphosa’s political fate closely, but the best outcome for the rest of us is that the factional battle exposes the ANC’s policy ambivalence

By Sarah Smit
Don’t read too much into GDP growth spurt
Business
/ 9 December 2022

Don’t read too much into GDP growth spurt

Growth in the third quarter is encouraging, but analysts have cautioned against viewing the data as a sign of the economy’s improved health

By Sarah Smit
Economic policy a sideshow to ANC spectacle
Business
/ 7 December 2022

Economic policy a sideshow to ANC spectacle

Investors will watch President Cyril Ramaphosa’s political fate closely, but the best outcome for the rest of us is that the factional battle exposes the ANC’s policy ambivalence

By Sarah Smit
Economy bounces back after second quarter slump
Business
/ 6 December 2022

Economy bounces back after second quarter slump

Analysts were expecting far more modest GDP growth, considering the mixed bag of economic data for the third quarter

By Sarah Smit
African Bank is daring to dream big
Business
/ 3 December 2022

African Bank is daring to dream big

With the tagline ‘the audacity to believe’, it will need to be ambitious to be seen as a real competitor

By Sarah Smit
Bad policies scar the economy
Business
/ 1 December 2022

Bad policies scar the economy

Decisions from a decade ago have come back to haunt economies – policymakers should be vigilant

By Sarah Smit
D Day for Ramaphosa as Phala Phala report goes to parliament
Opinion
/ 30 November 2022

D Day for Ramaphosa as Phala Phala report goes to parliament

The findings of the three-member panel will be debated in the House on 6 December

By Paddy Harper
German court to put Markus Jooste on trial
National
/ 25 November 2022

German court to put Markus Jooste on trial

The former Steinhoff chief executive is among four accused indicted by the regional court in Oldenburg

By Emsie Ferreira
Could the SARB sink Ramaphosa?
Politics
/ 25 November 2022

Could the SARB sink Ramaphosa?

With re-election as ANC leader seemingly assured, there are questions about the impact of the exchange control probe by the central bank

By Emsie Ferreira
Inflation rises, bucking expectations
Business
/ 23 November 2022

Inflation rises, bucking expectations

The increase will probably add to the South African Reserve Bank’s hawkishness, with analysts expecting another large repo rate hike on Thursday

By Sarah Smit
Black ownership in banking sector remains low
Opinion
/ 22 November 2022

Black ownership in banking sector remains low

African Bank’s open listing offers a good example of how direct black ownership in the financial services sector can rise above the stubborn 25% minimum agreed upon by the Financial Services Charter in 2010

By Polo Leteka-Radebe
Brace for another big repo rate hike, even as inflation softens
Business
/ 21 November 2022

Brace for another big repo rate hike, even as inflation softens

Analysts are expecting the Reserve Bank to remain hawkish amid still high inflationary pressures and a weak rand

By Sarah Smit
No need to nationalise the Reserve Bank, says Paul Mashatile
Politics
/ 17 November 2022

No need to nationalise the Reserve Bank, says Paul Mashatile

The ANC treasurer says there is no stimulus to push for the nationalisation of the central bank and argues against extending its mandate

By Lizeka Tandwa
Ster-Kinekor escapes liquidation, thanks to investment
Business
/ 15 November 2022

Ster-Kinekor escapes liquidation, thanks to investment

The R250 million transaction involved dealing with the cinema group’s debt, as well as the purchase of 100% of its shares by UK and local firms

By Anathi Madubela
SA housing market to fall off a hill, not a cliff
Business
/ 8 November 2022

SA housing market to fall off a hill, not a cliff

The market is set to slow as consumers feel higher bond costs but the slump will not be as dramatic as in economies where buoyancy is the rule not the exception

By Sarah Smit
Must we really endure ‘punishing’ markets?
Opinion
/ 3 November 2022

Must we really endure ‘punishing’ markets?

Policymakers have been warned to remain disciplined as economies navigate headwinds — no matter how much it hurts

By Sarah Smit
Ramaphosa has betrayed the trust of South Africa’s people by not coming clean on Phala Phala robbery
Opinion
/ 3 November 2022

Ramaphosa has betrayed the trust of South Africa’s people by not coming clean on Phala Phala robbery

President must resign and hand himself over to the police

By Vuyo Zungula
Beware empty promises of expansionary policies, says Kganyago
Business
/ 1 November 2022

Beware empty promises of expansionary policies, says Kganyago

The Reserve Bank governor has cautioned against ‘reckless’ fiscal and monetary policies amid global shocks

By Sarah Smit
SA’s possible greylisting is a blessing in disguise
Opinion
/ 28 October 2022

SA’s possible greylisting is a blessing in disguise

The country shouldn’t be facing this threat but it could bring urgency to bringing in reforms to stop corruption

By Mzukisi Qobo
Inflation, recession and Opec+: What is in store for consumers?
National
/ 17 October 2022

Inflation, recession and Opec+: What is in store for consumers?

‘The worst is yet to come,’ the IMF said about the global economy this week. But, for now at least, South Africa’s inflation looks to be subsiding

By Sarah Smit
Food cost crisis: Is zero-rating the answer?
Business
/ 10 October 2022

Food cost crisis: Is zero-rating the answer?

Food prices are too high for some households to bear but more targeted relief might have a greater impact

By Sarah Smit
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