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Lungisa confident Kganyago lawsuit against him over K-word slur will fail
South African Reserve Bank Governor Lesetja Kganyago was suing Lungisa for R500,000 after the politician called him an 'exceptional K-word'.
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Sarb governor says will go to war to protect independence
The central bank governor said that he would not engage in internal ANC party squabbles, but he would strongly defend the central bank’s independence if it was threatened by any government proposals.
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Reserve Bank imposes administrative sanction on Bank of Baroda
The authority said Bank of Baroda was instructed to rectify the deficiencies but failed to do so which resulted in them being slapped with an R11 million fine.
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Sarb: Africapacity must get banking license in order to buy VBS Bank
VBS was placed into liquidation by the High Court of South Africa last November and its banking activities and license suspended.
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Stats SA: EC, Mpumalanga have the highest unemployment rates
Statistician-general Risenga Maluleke released the quarterly labour force survey, which showed that unemployment rose to 29% in the second quarter of this year.
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CARTOON: The Hits Keep Coming
By Dr Jack.
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Sarb governor says will look to keep lending rates predictable
The country suffered a decline in the first-quarter economic growth of 3.2%, the worst in a decade, as power outages by state utility Eskom hit mining, manufacturing and retailers.
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Kganyago says central bank debate 'damaging'
A debate over ownership of the South African central bank is increasing investor uncertainty and stoking the risk premium associated with the country’s debt, Governor Lesetja Kganyago said on Wednesday.
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Mkhwebane pleased with ConCourt's minority judgment despite adverse findings
Chief Justice Mogoeng Mogoeng said in the minority judgment, that Public Protector Busisiwe Mkhwebane got the law completely wrong by acting as if she was open to direct Parliament to amend the Constitution.
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Mkhwebane should be advised to resign, says pressure group
Accountability Now's Advocate Paul Hoffman said that if Public Protector Busisiwe Mkhwebane did not resign she could be impeached, face disciplinary action from the Legal Practice Council or face perjury charges.
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CARTOON: Public Outcry
By Dr Jack.
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SACP questions Mkhwebane's fitness to hold office following ConCourt ruling
The SACP’s Alex Mashilo said that in light of the Constitutional Court’s findings against Busisiwe Mkhwebane, to have her as the Public Protector was toxic for the country’s constitutional democracy.
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Mkhwebane: I never lied under oath, I acted in good faith
Justice Sisi Khampepe said that the Constitutional Court has confirmed the lower court’s finding that Public Protector Busisiwe Mkhwebane acted in bad faith.
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ConCourt dismisses Mkhwebane's appeal against Bankorp costs order
The Constitutional Court has dismissed Advocate Busisiwe Mkhwebane’s appeal against a personal costs order.
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ConCourt to rule on Mkhwebane's liability in Bankorp bailout matter
The High Court ordered Public Protector Busisiwe Mkhwebane to personally pick up part of the reserve bank’s legal fees because there was a reasonable apprehension that she was biased in her investigation.
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Stronger rand, improved inflation outlook factors in repo rate cut
Those in debt have received some relief on Thursday afternoon with the South African Reserve Bank (Sarb) decreasing the repo to 6.5%.
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Overburdened consumers hoping for interest rates cut
Economists believed the central bank would cut rates by 25 basis point to help boost the sluggish economy.
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Reserve Bank expected to cut rates next week
Twenty-four of 30 economists in the survey taken over the past three days said the repo rate would be cut by 25 basis points to 6.50% on 18 July.
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Sarb governor re-appointed for another 5 years
President Cyril Ramaphosa has re-appointed central bank governor Lesetja Kganyago for another five-year term when his current term expires in November, the finance ministry said on Wednesday.
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Mboweni announces Sarb & interim PIC boards
The chairperson and deputy chairperson of the PIC board were expected to be elected at the first meeting of the board.
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Masondo: I didn’t mean to intrude on Sarb with monetary policy comment
Deputy Finance Minister David Masondo said his comments were a response to questions during the interview and that he’s fully aware that Treasury comments only on fiscal policy.
