South african reserve bank
SARB Governor Lesetja Kganyago announces repo rate remains unchanged
Kganyago made the announcement during a briefing on Thursday afternoon.
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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: Inflation least of SA’s concerns over the next few months
He was speaking at the Cape Town Country Club on Wednesday where he said he won't be drawn on whether there will be any further rate cuts to further cushion South Africans from the devastating effects of COVID-19.
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JUDITH FEBRUARY: Why removing Mkhwebane as PP is in the public interest
Busisiwe Mkhwebane seems to spend much of her time defending herself and her office in one way or another, writes Judith February.
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Kganyago: Adding unemployment to Sarb’s mandate will hurt its credibility
The bank has long been under pressure to take more drastic measures to revive growth with calls for it to slash lending rates and finance government through quantitative easing.
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Sarb to announce grounds to appeal VBS report judgment against it & Motau
On Tuesday, Motau and Sarb were dealt a blow when the Pretoria High Court reviewed and set aside parts of the report.
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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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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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SARB welcomes applications for new mutual banking licence
The Bank said it received several letters from people interested in reviving the scandal-hit VBS Mutual Bank.
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SARB: Several parties have shown interest in reviving VBS Bank
An estimated R2.7 billion went missing from VBS Bank through grand-scale looting that led to its collapse.
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Reserve Bank cuts repo rate 25 basis points to 3.5%
The South African Reserve Bank Governor Lesetja Kganyago made the announcement on Thursday.
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Desperate S. Africans lured into investing in Crowd1 despite probe, warnings
Crowd1 has been touted as the next generation marketing network but there are warnings that it’s nothing more than a get rich quick scheme that is bound to leave many in debt and tears.
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Poll: Reserve Bank to cut rates again, by modest 25 bps
The SARB cut rates in May by 50 basis points after the economy was shut down to limit the spread of the novel coronavirus. That followed two aggressive 100 basis point cuts in succession in March and April.
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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.
