Reserve Bank governor Tito Mboweni was forced out of the job. This is the unanimous conclusion of people who were party to discussions about his
South African Reserve Bank governor Gill Marcus will implement the policies already in place, ANC secretary general Gwede Mantashe said on Monday.
We were sitting at Casalinga restaurant on a particularly miserable day. All the patrons were crammed in on the patio overlooking the lawns.
The appointment of Gill Marcus as the new governor of the SA Reserve Bank was welcomed by political parties, business organisations and economists.
Jacob Zuma on Sunday named Gill Marcus as head of the central bank from November in an appointment that will probably be welcomed by investors.
President Jacob Zuma will not appoint Reserve Bank governor Tito Mboweni for another five-year term and will replace him with Gill Marcus.
President Jacob Zuma does not plan to appoint Reserve Bank governor Tito Mboweni for another five years, and wants to replace him with Gill Marcus.
Reserve Bank Governor Tito Mboweni will be asked to serve another term, a senior Luthuli House official has told the Mail & Guardian.
South Africa’s central bank surprised markets by keeping its repo rate unchanged at 7,5% on Thursday on concerns about stubbornly high inflation.
SA’s central bank left its repo rate unchanged at 7,5% on Thursday, with concerns about inflation overriding worries about a faltering economy.
SA will continue to pursue fiscal policies that have helped grow the economy, Finance Minister Pravin Gordhan said on Tuesday.
A meeting between Numsa and the Reserve Bank to discuss inflation targeting is scheduled to take place on Thursday morning in Tshwane, the union said.
South African Reserve Bank Governor Tito Mboweni will meet trade union leaders on Monday to discuss their opposition to inflation targeting.
SA’s central bank has signalled a shift on currency intervention, saying it could ”lean against the wind” to counter exchange rate movements.
Central banks would pursue low inflation regardless of whether they had an inflation target or not, Reserve Bank Governor Tito Mboweni said on Friday.
South African President Jacob Zuma is being pushed into confrontation by unions demanding an economic policy shift to the left.
The pressure on the South African Reserve Bank to lower interest rates drastically is uncalled for, Sanlam economist Jac Laubscher said on Friday.
The South African Reserve Bank’s tolerance of rand gains appears to have ended as the rand gained strength in recent days, RMB said on Tuesday.
Numsa will on Monday ask all Cosatu affiliates to join a national rolling mass action, should the Reserve Bank not cut interest rates.
Numsa on Monday condemned Reserve Bank Governor Tito Mboweni’s refusal to accept a petition they wanted to hand over last week.
The South African Reserve Bank’s Monetary Policy Committee on Thursday cut the repo rate by 100 basis points to 7,5%.
The SARB and South Africa’s top five banking institutions will set up a committee to study lending rates, SARB Governor Tito Mboweni said on Friday.
Commercial banks are not necessarily passing on the benefits of lower interest rates to consumers, Tito Mboweni said on Wednesday evening.
Tito Mboweni said on Tuesday he ”might not be surprised” to see another quarter of negative growth, which would send the economy into recession.
SA Reserve Bank Governor Tito Mboweni said on Wednesday that there is a need for more frequent Monetary Policy Committee meetings.
Tito Mboweni announced on Wednesday that the South African Reserve Bank will now meet on March 23 and 24 to decide on interest rates.
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/ 27 February 2009
Growth in demand by SA’s private sector slowed in January as household finances remained tight, adding weight to the argument for a rate reduction.
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/ 26 February 2009
SA Reserve Bank governor Tito Mboweni said on Thursday an emergency Monetary Policy Committee meeting had not been called following poor growth data.
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/ 7 February 2009
SA’s central bank monetary policy committee could meet again on interest rates before a scheduled April meeting, Governor Tito Mboweni said on Friday.
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/ 5 February 2009
SA’s economic growth prospects are deteriorating and monetary stimulation is ”not a bad idea”, Reserve Bank Governor Tito Mboweni said on Thursday.
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/ 5 February 2009
The South African Reserve Bank’s monetary policy committee on Thursday decided to reduce the repo rate by 100 basis points to 10,5%.
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/ 4 February 2009
The rand gained slightly against the dollar on Wednesday and was seen keeping its firmer tone ahead of an interest rate decision on Thursday.