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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The bank’s complete assets amount to R2 billion but R1 billion of that was withdrawn by municipalities after a ruling on mutual banks.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.
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Public Protector Mkhwebane says won’t resign despite calls for her to do so
Mkhwebane on Tuesday faced a barrage of questions from MPs on both her Estina Dairy farm investigation and her CIEX report into Absa and the South African Reserve Bank.
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Motion on nationalisation of Sarb not off the table
The ANC’s Nonceba Mhlauli says the party wants to consult further within its own structures and key stakeholders on its motion for full public ownership of the Reserve Bank.
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ANC withdraws motion on Sarb ownership ahead of Parly debate
The party says this is to allow for greater consultation with its structures and key stakeholders.
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Viceroy says Capitec will unravel, Sarb says it's solvent
Viceroy has likened Capitec to a loan shark and questioned its ability to survive, while the Reserve Bank says the bank is is solvent, well capitalised and has adequate liquidity.
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Reserve Bank likely to leave rates on hold for now - economists
Members of the Reserve Bank’s Monetary Policy Committee would have over the past two days weighed up a number of factors when deciding on the next interest rate decision.
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Tshazibana joins monetary policy committee as first female member since 2014
Fundi Tshazibana becomes the first female member of the interest-rate-setting body since Gill Marcus quit as governor in 2014.
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Reserve Bank expected to keep repo rate unchanged
South Africa’s central bank unexpectedly cut its benchmark lending rate for the first time in five years in July, citing weak growth and easing inflation.
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Lawyer: Mkhwebane's language in Bankorp report was problematic
Advocate Paul Kennedy rejected Absa’s argument that Mkhwebane instructed the SIU on what to do, which is impermissible.
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Absa: Mkhwebane seeking to introduce new justifications for remedial action
Public Protector Busisiwe Mkhwebane insists that Absa benefited from the bailout of Bankorp in the 1980’s and that the 2002 expert panel led by Judge Dennis Davis simply got it wrong.
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Sarb files affidavit to challenge Mkhwebane’s findings on Bankorp bailout
The South African Reserve Bank says it will seek a costs order against Mkhwebane and a declaratory order from the court that she abused her office.
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[ALERT] Reserve Bank keeps repo rate unchanged at 6.75%
This is the second time the bank has kept the rate at this level after a 25 basis point cut in July.
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Sarb seen keeping rates at 6.75%
All but two of the 28 economists surveyed over the past week said rates would stay at 6.75% at the 23 November Reserve Bank meeting.
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Sarb cautious about more rate cuts
South Africa’s consumer price inflation stood at 4.8% year-on-year in August. Statistics South Africa is due to publish the September print on Wednesday.
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Sarb: Risks too high for repo rate cut
Deputy Governor Kuben Naidoo believes that the key to kick-starting the economy is confidence.
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Sarb takes wait-and-see approach to cryptocurrencies
Deputy governor Kuben Naidoo touched on the subject at the Monetary Policy Forum in Cape Town on Tuesday night.
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Sarb concerned about KPMG’s accounting practices
Governor Lesetja Kganyago says the institution will approach banks and audit firms primarily to understand the context of the fallout.
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Kganyago: Consumer index improving despite economic conditions
But on the other hand, Sarb Governor Lesetja Kganyago says business confidence needs to improve.
