Rand edges firmer, stocks dip
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Sarb
Reserve bank governor says will go to war to protect independence
Lesetja Kganyago has been vocal in expressing concerns over plans by the ruling African National Congress to nationalise the Reserve Bank, and some party factions have also said that the bank should have an expanded mandate with a more specific focus on jobs.
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CARTOON: The Hits Keep Coming
By Dr Jack.
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Sarb governor says will look to keep lending rates predictable
The country suffered a decline in the first-quarter economic growth of 3.2%, the worst in a decade, as power outages by state utility Eskom hit mining, manufacturing and retailers.
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Kganyago says central bank debate 'damaging'
A debate over ownership of the South African central bank is increasing investor uncertainty and stoking the risk premium associated with the country’s debt, Governor Lesetja Kganyago said on Wednesday.
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Casac calls for impeachment of Mkhwebane
The organisation said Parliament should not waste any more time and begin proceedings to have the Public Protector impeached.
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Sarb-Absa report: 5 findings the ConCourt made against Mkhwebane
The majority judgment by Justices Sisi Khampepe and Leona Theron said the Public Protector's conduct warranted the personal costs order against her.
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Repo rate cut to 6.5%
The repo rate is the rate at which the central bank lends money to commercial banks.
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Reserve Bank expected to cut rates next week
Twenty-four of 30 economists in the survey taken over the past three days said the repo rate would be cut by 25 basis points to 6.50% on 18 July.
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Sarb governor re-appointed for another 5 years
President Cyril Ramaphosa has re-appointed central bank governor Lesetja Kganyago for another five-year term when his current term expires in November, the finance ministry said on Wednesday.
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Deputy Sarb governor Daniel Mminele retires
Mminele’s term will come to an end on 30 June.
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The ANC must not to get distracted by factionalism - Nehawu president
Speaking at the union’s policy conference on in Boksburg on Tuesday afternoon, Mzwandile Makwayiba said the ANC should stick to its 2017 conference resolution on the expansion of the central bank.
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Reserve Bank expected to cut rates soon
A median forecast from 24 economists, polled this week, suggests the economy will grow 0.6% this year, slower than last year’s 0.8% and weaker than the 1.1% predicted in a May poll.
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Gupta-linked Homix did not challenge forfeiture of R14m, says SARB official
SARB official Elijah Mazibuko said an addition 13 cross-border foreign exchange transactions by Homix amounting to R51.8 million had been flagged in 2015.
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Kebby Maphatsoe: A long way to go before there's unity in the ANC
EWN’s Clement Manyathela sat down with MKMVA leader Kebby Maphatsoe who spoke about the ANC’s division on the Reserve Bank's mandate and how it proves that the governing party has a long way to go before it finds unity.
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JUDITH FEBRUARY: The fork-tongued mess of the ANC & the Reserve Bank
In a time of economic uncertainty and ANC-inflicted turmoil, Judith February says we would do well to join the dots between the likes of Ace Magashule and Busisiwe Mkhwebane.
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Kganyago says Sarb's primary mandate is price stability
Central bank Governor Lesetja Kganyago made the comments as senior officials argued over whether its mandate should be expanded.
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'What is this obsession with Sarb?': Mboweni sets record straight again
The ANC's economic transformation head Enoch Godongwana echoed Finance Minister Tito Mboweni's view that the Reserve Bank must protect the currency in the interest of sustainable economic growth.
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Power shortages could cut 2019 GDP growth - Sarb
The review dimmed hopes for the economic rebound promised by President Cyril Ramaphosa and comes less than a month before national elections.
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Magashule calls on incoming ANC MPs to ensure nationalisation of Sarb
ANC secretary-general Ace Magashule hat government deployees should act urgently in nationalising the Reserve Bank along with other resolutions of the party, including free education and the expropriation of land without compensation.
