Sarb
Sarb keeps repo rate at 3.5%
Governor Lesetja Kganyago made the announcement on Thursday after a meeting of the monetary policy committee.
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The South African Reserve Bank turns 100
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
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Reserve Bank: Tokyo Sexwale's claims of donor fund theft point to a common scam
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'.
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Fuel price, electricity tariff hikes raise concerns of inflation knock-on effect
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.
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Public Protector Mkhwebane to appear in court on perjury charges today
The under-fire advocate faces three counts of perjury when she appears the Pretoria Magistrates High Court this morning.
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Food, non-alcoholic beverages price help push CPI to seven-month high
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%.
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Reserve Bank keeps repo rate unchanged at 3.5%
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.
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Lungisa admits racist rant against Kganyago was offensive to black citizens
Andile Lungisa had to apologise publicly for several offensive tweets criticising Kganyago and calling him the k-word last year.
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Economists express mixed views on another rate cut ahead of MPC announcement
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.
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Kganyago hails Sarb's speedy response to COVID-19 crisis
South African Reserve Bank Governor Lesetja Kganyago said that the bank's COVID-19 response could be described as aggressive.
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Kganyago: SA's economic woes bigger than monetary policy
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.
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Reserve Bank to appeal court ruling setting aside parts of VBS report
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.
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Sarb emphasises to VBS shareholders that bank will definitely be liquidated
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.
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Economists express mixed views on another interest rate cut
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.
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Consumers urged to avoid pre-lockdown spending habits
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.
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Sarb welcomes prosecution of high profile suspects accused of defrauding VBS
The central bank raised the alarm when VBS Mutual Bank couldn’t meet its obligations, leading to the two-year criminal investigations by the Hawks.
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Capitec skips dividend, full-year profits rise 19%
The South African Reserve Bank asked lenders to skip dividends for 2020 earlier in April to preserve capital for lending.
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Despite negative effects of COVID-19, SA economy will bounce back - Kganyago
The reserve bank governor on Thursday announced a reduction in the repo rate of 100 basis points to 5.25%.
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Kganyago attributes repo rate cut to lower inflation figure
The central bank has reduced the repo rate to 6.25%, dropping the prime lending rate to 9.75%.
