-
Sarb confirms Treasury guarantee of up to R100k for VBS retail depositors
The SA Reserve Banks says it will announce the details on the repayment of retail deposits on Monday. In March, the central bank announced it would guarantee R50,000 per depositor.
-
Noteworthy! Reserve Bank to launch commemorative Mandela banknotes
The commemorative banknotes to be launched next month will cover all denominations, namely R10, R20, R50, R100 and R200.
-
#RandReport: Rand falls further before key economic data
At 1520 GMT, the rand traded at 13.2400 per dollar, around 0.7% weaker than its close on Monday.
-
[ANALYSIS] ANC starts talks about talks on nationalisation of SA Reserve Bank
Qaanitah Hunter says the ANC predicts that this engagement may take one to two years to complete before they can begin implementation.
-
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.
-
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.
-
#RandReport: Rand slightly stronger as Reserve Bank holds rates
The rand’s gains mean it is now up almost 3% since the end of last week.
-
[ALERT] Reserve Bank keeps repo rate unchanged at 6.5%
Reserve Bank governor Lesetja Kganyago made the announcement in Pretoria this afternoon.
-
SA Reserve Bank seen keeping rates at 6.50% next week
All 25 economists surveyed in the past week predicted the central bank will hold rates at 6.50% at its 24 May meeting, which will follow last month’s losses by the rand and renewed weakness on Tuesday.
-
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.
-
Capitec FY profit rises 18 pct
The bank said its diluted headline earnings per share came in at 3,846 cents in the year ended February compared with 3,270 cents a year earlier.
-
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.
-
BLF: VBS Bank being punished for giving Zuma loan
Sarb Governor Lesetja Kganyago announced that VBS Mutual Bank has been placed under curatorship with immediate effect.
-
VBS Mutual Bank placed under curatorship
South African Reserve Bank (Sarb) Governor Lesetja Kganyago says the appointment of a curator is in the best interest of the public and VBS depositors.
-
Sarb to hold briefing on VBS Mutual Bank
The briefing will be held on Sunday afternoon, the Sarb said in a statement without providing further details.
-
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.
-
Court sets aside Public Protector Mkhwebane's CIEX report
Absa, the Reserve Bank and Treasury challenged Busisiwe Mkhwebane's report into the apartheid era bail-out, claiming it was procedurally unfair and rested on material errors of fact and law.
-
EFF calls for inquiry into Capitec, says it can't trust bank's info
Earlier this week, research group Viceroy claimed it found that Capitec had been advising and approving loans to delinquent customers in order to repay existing loans.
-
[LISTEN] Should Capitec customers be worried about Viceroy's report?
Viceroy is not without their own axe to grind in this case, says Vestact MD Paul Theron.
-
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.
-
Reserve Bank says Capitec is solvent, has adequate liquidity
This comes after a report released by Viceroy which likened the bank to a loan shark.
