Financial sector regulator turns its attention to fund’s board to probe its compliance with fiduciary duty requirements
The country’s economy grew by only 0.2% in 2019, after it experienced contractions in both the third and fourth quarter
Finance minister warns “we cannot have all things we want at the same time” and tables cuts in things like the public wage bill in a R1.84 trillion budget
Although economists say there is room now for SARB to cut the repo rate in order to strengthen the economy – the central bank kept it unchanged
South Africa’s credit rating outlook is revised from stable to negative, but not downgraded to junk status at this stage
The rate also helps target inflation. The recent inflation rate is at 4.3% — which is well within the central bank’s target of 3% – 6%
With big-money claims in rapidly heard defamation cases seemingly increasing, what does it mean?
Thursday’s joint statement supporting the SARB comes after new deputy finance minister David Masondo is quoted questioning current monetary policy
The ANC’s national chairperson says there are people ‘waiting in the wings’ to ‘cash out for maximum benefit’
It’s a challenging time for the government as it seeks to stir confidence both about South Africa’s ability to turn things around
President Cyril Ramaphosa reaffirms mandate of the SARB, but says price stability while necessary is not a sufficient condition for economic growth.
That ANC secretary general’s statement on the Reserve Bank this week sent shivers down the country’s spine
The party’s lekgotla agreed to changes in state buying, an important decision overshadowed by ‘poor economic understanding’ at Luthuli House
ANC top six meet to discuss economic situation amidst spat over the mandate of central bank with the party distancing itself from Magashule’s comments
The African Bank, which relied on unsecured lending, has diversified its product offerings
The Reserve Bank governor was in Washington to deliver a speech on central bank independence at the Peterson Institute for International Economics
Should Moody’s downgrade the country, South Africa will fall out of important global government bond indices
When Paul Magula testified this week about malfeasance, he should have recalled what he reportedly told the VBS investigators
Mkhwebane is fighting a court order which ruled she was liable for part of the legal costs incurred by the Reserve Bank in the Bankorp matter
Lesetja Kganyago says three of bank’s monetary policy committee preferred an unchanged stance, while three voted for a 25 basis point hike
The Free State Development Corporation was third on the list of those who received large sums of money from the embattled bank
Many of those named in the report are taking legal action or protesting their innocence, but its author is standing his ground
KPMG executive chairperson Wiseman Nkuhlu says the firm will take stock of the investigation and cooperate with the Reserve Bank
The government has to make tough decisions about social grants in the face of poor economic performance
According to the Reserve Bank the household real final consumption expenditure shrank by 1.3% in the second quarter of 2018.
With the repo rate unchanged, the prime lending rate will stay at 10%
The treasury’s proposed changes paving the way for SOE banks come with strict conditions, but analysts point to already troubled institutions
Mkhize says his department will not allow the losses of council’s funds to hamper service delivery for the residents of affected municipalities
Governor Lesetja Kganyago says the central bank expects GDP growth of 1.2% in 2018, down from its previous estimate of 1.7%
VBS Mutual Bank was set to become a commercial bank
The notes capture the life of Madiba from his birth to his inauguration as the first democratically elected president of South Africa
Only 1% of South Africa’s small, medium and micro-sized enterprises ask for formal financing