Sa reserve bank
COVID-19 wrecks plans to reboot ailing SA economy
Development economist at the University of Stellenbosch Business School, Dr Nthabiseng Moleko, described the economy as reaching desperate times in 2020.
-
SA Reserve Bank says lenders can handle coronavirus crisis
The country’s banks, some of the largest on the continent including Standard Bank and FirstRand, have seen profit growth slip in recent years, while risks from lending to the increasingly strained government and the economy have increased.
-
IMF projects SA’s economy to shrink by 5.8% this year
The South African Reserve Bank announced on Tuesday that a contraction of 6.1% is forecast for South Africa’s GDP this year.
-
Reserve Bank cuts repo rate to 4.25%
SA Reserve Bank Governor Lesetja Kganyago said that inflation was under control for now but this could change and the bank has needed to act.
-
Concerns over SA's economic growth if COVID-19 not controlled soon
The South African Reserve Bank has slashed its growth forecasts for this year, predicting that the economy could shrink by between 2% and 4%.
-
Repo rate to remain unchanged at 6.5%
The repo rate is the rate at which the central bank lends money to commercial banks.
-
SACP says central bank mandate should include job creation
The South African Communist Party said on Wednesday that the mandate of the central bank should be expanded to explicitly include job creation.
-
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.
-
[EXPLAINER] SA’s central bank – ownership, mandate and independence
There's an assumption that a change of ownership would automatically mean a change in the role the bank plays.
-
ANC will not tamper with Sarb’s independence - Ramaphosa
The ANC said the bank should broaden its focus to boost employment and economic growth.
-
SA Reserve Bank to hold rates in Jan, hike in May - poll
With global growth weakening, some economists expect no change in South African policy across the forecast horizon.
-
SA Reserve Bank expects volatile rand in 2019
Daniel Mminele said the bank expected the rand to average 14.50 against the dollar but trade would be volatile, forcing the monetary policy committee to remain flexible in its responses.
-
'MTBPS showed clear commitment to stabilising govt finances'
Finance Minister Tito Mboweni delivered his budget policy speech in Parliament on Wednesday afternoon.
-
[ALERT] Reserve Bank leaves repo rate unchanged at 6.5%
The repo rate has been at 6.5% since March this year when it was cut by 25 basis points.
-
‘New Madiba notes & coins not collectors’ items’
The South African Reserve Bank on Friday launched banknotes and R5 circulation coins in honour of Madiba’s centenary year.
-
SARB to talk tough, but hold steady – poll
All 25 economists surveyed in the past week said the Reserve Bank would keep rates unchanged at 6.50% on 19 July.
-
‘Holistic approach needed to tackle crisis of cash-in-transit heists'
The police portfolio committee, Police Minister Bekhi Cele and numerous other role-players are meeting on Wednesday.
-
ANC bid to nationalise Sarb will be costly, says Kganyago
For the state to nationalise the Reserve Bank, it will have to buy out its shareholders, which will come at a hefty bill to the already strained fiscus.
-
Municipalities banking with VBS high likely to lose funds, says Sarb
Efforts are meanwhile underway to help the thousands of people who invested their life savings in the bank, which was placed under curatorship after hitting a liquidity crisis in March.
