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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.
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[ALERT] Reserve Bank keeps repo rate stable at 6.75%
Governor Lesetja Kganyago made the announcement in Pretoria on Thursday afternoon.
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Sars, Sarb to release 2017 Tax Statistics Bulletin
The South African Revenue Service (Sars) will release the statistics bulletin, which will give exact details on targets for revenue collection.
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Bankorp report: 'Mkhwebane a source of instability in financial system'
This was among the arguments heard on day two of the Reserve Bank, Absa and Treasury’s review of advocate Busisiwe Mkhwebane’s report on the apartheid-era Bankorp bailout.
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Absa challenges Public Protector's claim over remedial action in CIEX report
Absa, the Reserve Bank and Treasury have challenged Mkhwebane’s report into the apartheid era bail-out.
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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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Kganyago reaffirms independence of Sarb
Governor Lesetja Kganyago announced earlier on Thursday that the repo rate would remain unchanged at 6.75%.
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Economists expect Reserve Bank to leave rates unchanged
Earlier on Wednesday, Stats SA announced that CPI slowed to 4.8% in October in line with expectations.
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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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Kganyago: SA's economy faces major challenges
Lesetja Kganyago said weak business confidence had shaved an estimated one percentage point off South Africa’s economic growth last year.
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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 still expected to cut repo rate later this year
Economists say the rand and the risks such as political noise will playing a major role.
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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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Why South Africa can cut rates this week
The latest Reuters poll suggests the Sarb will cut its benchmark repo interest rate by another 25 basis points, taking it to 6.50%.
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DA to initiate removal proceedings against Mkhwebane over CIEX conduct
It emerged on Tuesday that the SA Reserve Bank is accusing Mkhwebane of colluding with the Presidency and the State Security Agency to attack the central bank.
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Mkhwebane defends meeting with Presidency before Bankorp report release
Advocate Busisiwe Mkhwebane says she met with the Presidency because the office specifically requested a meeting to clarify some issues.
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Judge: Mkhwebane risks being labelled incompetent, a hypocrite
Judge John Murphy noted that the Public Protector’s preliminary report was not issued to interested parties to comment on before the final remedial action was ordered.
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Sarb launches new application over Mkhwebane’s report
This is separate from the application that was heard on Tuesday, where judgment was reserved.
