Sarb
Inflation-busting rate hike: 'Full impact on economy will only be felt in 2023'
Bruce Whitfield interviews economist Goolam Ballim (Standard Bank) after the Reserve Bank announced a repo rate increase.
Bruce Whitfield talks to Citibank Economist Gina Schoeman about how the US number affects emerging markets like South Africa.
Bruce Whitfield speaks to the governor of the SA Reserve Bank, Lesetja Kganyago.
Bruce Whitfield interviews Citibank economist Gina Schoeman after the South African Reserve Bank announced a repo rate increase.
Governor Lesetja Kganyago made the announcement on Thursday after a meeting of the monetary policy committee.
On 30 June 2021, the South African Bank celebrates its 100th birthday. 702 and Cape Talk's The Money Show host Bruce Whitfield explains the role of the bank. #ReserveBank
Businessperson and former Gauteng Premier Tokyo Sexwale alleged that a portion of the monies within the Heritage Fund, of whom he is one of two mandate holders, had been 'pilfered'.
The Reserve Bank has set it's inflation target of between 3% and 6% and there were concerns that a double blow of electricity and fuel price increases would affect this.
The under-fire advocate faces three counts of perjury when she appears the Pretoria Magistrates High Court this morning.
The price increases are still within targets set by the South African Reserve Bank, which aims to have the inflation rate between 3% and 6%.
Prior to Thursday's announcement, the bank's Monetary Policy Committee had cut the repo rate by 275 basis points this year to try and counter the effects of negative growth due to COVID-19.
Andile Lungisa had to apologise publicly for several offensive tweets criticising Kganyago and calling him the k-word last year.
The Sarb has reduced the interest rate by 300 basis points so far this year in an effort to promote growth amid an economy suffering under the effects of the COVID-19 lockdown.
South African Reserve Bank Governor Lesetja Kganyago said that the bank's COVID-19 response could be described as aggressive.
The Reserve Bank has long been under pressure to take more drastic measures to revive growth in Africa’s most advanced economy, with calls for the bank to slash lending rates and finance government through quantitative easing.
The High Court on Tuesday found that Advocate Terry Motau failed procedurally when he did not afford former ANC Limpopo treasurer Daniel Msiza an opportunity to tell his side of the story before releasing the report.
The SA Reserve Bank (Sarb) said that Friday's meeting discussed and agreed that there was a need for regular feedback to VBS Mutual Bank depositors and other affected parties about the liquidation process.
The South African Reserve Bank's Monetary Policy Committee had already cut the repo rate by 275 basis points this year to try and counter the effects of negative growth due to COVID-19.
DebtBusters’ COO, Benay Sager, said although inflation was at the bottom end of the Sarb’s target range at 3%, the reality for most people was that incomes were not going to increase.