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[WATCH] New Madiba notes, coin officially launched
South Africa Reserve Bank officially launched new notes and a R5 coin in celebration of Nelson Mandela's centenary year.
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VBS Bank customers queue for their money at Nedbank
Retail depositors have been assured that their money is secure and that they will have access to a maximum of R100,000 over the next three years.
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DA to open case against VBS Bank executives
The bank was placed under curatorship earlier this year amid allegations of mismanagement and fraud.
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VBS retail depositors will have access to funds from Friday
The South African Reserve Bank (Sarb) has announced mechanisms to repay depositors after VBS was placed under curatorship amid allegations of financial mismanagement.
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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.
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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.
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Sarb expresses confidence in Capitec amid Viceroy allegations
Deputy Governor Kuben Naidoo, who is the registrar of banks, says allegations against the bank raised by US-based researchers, Viceroy, are not accurate.
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ANC says won’t rush nationalisation of SA Reserve Bank
When the ANC resolved in December to nationalise the Reserve Bank, the central bank called it a cosmetic exercise that would be costly.
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ANC committee to start process of nationalising Sarb
While giving an update following a three day meeting, Secretary General Ace Magashule says they want to discuss the modalities around nationalising the central bank.
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VBS fined for failing to comply with financial laws
The details are contained in the SA Reserve Bank's 2017 Bank Supervision Department annual report which was released on Tuesday.
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Sarb to announce decision on repo rate
Figures released by Statistics South Africa show inflation increased to 4.5% year-on-year for April from 3.8% in March.
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South Africa's net foreign reserves fall to $43.1 billion in April
Gross reserves also fell to $49.539 billion from $49.979 billion, the central bank data showed.
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[LISTEN] The state of VBS Mutual Bank
The Money Show’s Bruce Whitfield speaks to VBS Mutual Bank curator Anoosh Rooplal about the state of the bank after it withdrew the bank's March 2017 audited financial statements.
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SA's growth recovery at risk from lack of policy clarity - central bank
The South African economy expanded by a surprising 1% in 2017 as agriculture recovered from a drought the year before, and the Treasury expects growth of 1.5% this year.
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[ALERT] Reserve Bank cuts repo rate by 25 basis points
The repo rate is the rate at which the central bank lends money to commercial banks.
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Economists expect interest rate cut
The central bank last cut rates in July 2017, highlighting an improving inflation outlook, but warning of a slowdown in economic growth.
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Mabuza grilled on land, Manana assault, political killings in first Parly Q&A
Deputy President David Mabuza’s question & answer session came exactly a week after President Cyril Ramaphosa had to deal with similar questions from lawmakers.
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Mabuza refuses to address Sarb nationalisation in Q&A
DA’s Dean McPherson wanted to know how the nationalisation of the Reserve Bank, as resolved by the ANC at its December conference, would assist in the fight against illicit financial flows.
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Kganyago: Liquidity problems led to VBS being placed under curatorship
The bank’s complete assets amount to R2 billion but R1 billion of that was withdrawn by municipalities after a ruling on mutual banks.
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Sarb: Curator to attempt to restore liquidity to VBS Bank
Reserve Bank Governor Lesetja Kganyago announced on Sunday that VBS had been placed under curatorship but would remain operational.
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Mkhwebane in bid to appeal Bankorp ruling
The advocate is not challenging the court’s decision to set aside her report and its remedial action but just the adverse findings against her.
