South african reserve bank
Kganyago optimistic about SA’s economic growth post-COVID-19
The Sarb governor said the COVID-19 pandemic had had a devastating effect on growth, but the country could turn the situation around.
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Debate on Sarb’s mandate not evidence-based - Kganyago
While the debate was ongoing across the world, the South African Reserve Bank (Sarb) governor said that the local discourse over the fate of the central bank was not evidence-based.
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Kganyago: No policy room for Sarb to do more during COVID-19 crisis
SA Reserve Bank Governor Lesetja Kganyago said that wasted policy space since the 2008 global recession meant that there was little room for any more interventions from the bank.
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Lockdown affects Stats SA’s collection of economic data
Statistics South Africa is struggling to collect the data required to pull together crucial reports.
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Kganyago expects economy to bounce back in 2021
South African Reserve Bank Governor Lesetja Kganyago said that inflation was stable and growth needed to be boosted.
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Reserve Bank cuts repo rate to 3.75%
Last month, the central bank cut the repo rate by 100 basis points.
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David Masondo wants the Reserve Bank to print money to fund govt: report
'Such bonds must be once-off special bonds with earned proceeds, and should be treated as a temporary measure with a clear exit plan,' Masondo said.
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COVID-19 could see SA’s economy shrink by up to 4% - Reserve Bank
In its bi-annual monetary policy review, the Reserve Bank said growth was unlikely to exceed 1% next year.
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Sarb announces new measures to ensure flow of cash in economy
The interventions include quantitative easing that would see the central bank buy longer-term government securities to increase the money supply and encourage lending and investment.
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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 announces repo rate cut to 5.25%
The repo rate is the rate at which the central bank lends money to commercial banks.
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SARB MPC expected to announce repo rate
The crucial question is will the reserve bank be aggressive when cutting the repo rate to help accelerate the economy?
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Scammers use coronavirus to trick fearful South Africans
The criminals carried fake identification badges and provided false receipts to victims, who were told they could exchange the slips for "clean" cash at any bank.
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Kganyago: Impact of coronavirus on SA economy hard to predict
The virus, which emerged in the Chinese city of Wuhan last year, has so far infected more than 73,000 people in China and 25 other countries and caused nearly 2,000 fatalities so far.
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Reserve Bank starts process to sell its 50% stake in African Bank
African Bank was placed under the central bank's control in 2014 after nearly collapsing under the weight of bad loans.
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Kganyago announces repo rate cut to 6.25%
The decision follows this week's Monetary Policy Committee meeting.
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ANC warns Mboweni to toe party line on Sarb nationalisation
Finance Minister Tito Mboweni took to Twitter on Tuesday to ask what the ANC wanted to achieve by nationalising the bank.
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Sarb fines 5 banks for weaknesses in money laundering control measures
They are Standard Bank South Africa, Grobank, Ubank, Bank of China Johannesburg branch and HBZ Bank.
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Room for repo rate cut in January, says economist
Reserve Bank Governor Lesetja Kganyago cited a number of concerns, including stagnant growth and other headwinds for keeping the repo rate unchanged at 6.5%.
