Building plans boost business indicator

2014-10-21 10:25

The SA Reserve Bank's leading business cycle indicator has risen 0.8% in August, due to an increase in the number of residential building plans passed.

Rand firmer, helped by hawkish Sarb comments

2014-10-09 18:06

The rand has strengthened against the dollar after comments by deputy SA Reserve Bank governor Daniel Mminele buoyed expectations for an interest rate hike.

Kganyago an astute leader - BBC

2014-10-07 19:32

Lesetja Kganyago is the right man to lead the SA Reserve Bank given his experience as a leader, public servant and accounting officer par excellence, says the BBC.

Calls to nationalise SA Reserve Bank

2014-10-07 11:28

The appointment of Lesetja Kganyago as SA Reserve Bank governor is an affirmation of "neo-liberalism" in the country, says the Economic Freedom Fighters.

Net reserves down at $43bn

2014-10-07 08:50

South Africa's net gold and foreign exchange reserves have dipped to $43.329bn in September, data from the SA Reserve Bank showed.

Cheers all round for Lesetja Kganyago

2014-10-06 20:41

The financial services sector, economists as well as the rand have reacted positively on the announcement of a successor to Gill Marcus.

No time to waste for Kganyago - DA

2014-10-06 16:37

The Democratic Alliance wants to have an urgent meeting with SA Reserve Bank governor-designate Lesetja Kganyago to ensure economic growth targets are met.

Kganyago: Sarb's main job to protect the rand

2014-10-06 12:08

The primary objective of Sarb is to protect the value of the rand in the interest of balanced growth, says governor designate Lesetja Kganyago.

Zuma announces new Sarb governor

2014-10-06 10:19

President Jacob Zuma has announced that SA Reserve Bank deputy governor Lesetja Kganyago will take over from governor Gill Marcus.

Attorney outlines impact of Shuttleworth case

2014-10-03 07:00

The effect of billionaire businessman Mark Shuttleworth's appeal victory against Sarb is not nearly as far-reaching as some had hoped, says an expert.

Inflation targeting: Sarb's no. 1 goal

2014-09-30 18:42

The SA Reserve Bank has little policy room to boost demand in the economy and should keep its focus on taming inflation, says deputy governor Lesetja Kganyago.

Nene: No rush to appoint new Sarb governor

2014-09-25 19:56

The process to appoint the next governor of the South African Reserve Bank is underway and it will not be rushed, says Finance Minister Nhlanhla Nene.

Marcus hailed as remarkable leader

2014-09-22 14:36

Outgoing Sarb governor Gill Marcus has increased the bank's credibility, making it one of the most respected central banks in emerging markets, says an economist.

Sarb worries over ailing economy

2014-09-18 19:17

The domestic growth outlook remains weak amid rising unemployment, warned the SA Reserve Bank.

DG Kganyago touted as Marcus successor

2014-09-18 18:01

Citi Research economist Gina Schoeman says Deputy Governor Lesetja Kganyago is well respected by markets and inclined to give due respect to growth prospects.

Sarb keeps rates steady

2014-09-18 15:21

SA Reserve Bank governor Gill Marcus says the repo rate will remain at 5.75%, citing the anaemic state of the domestic economy.

Difficult to call Sarb's next rate move

2014-09-16 11:42

The Reserve Bank faces an unsually difficult interest rate decision at its monetary policy meeting, experts tell Fin24.

Economy set to pick up - Nedbank

2014-09-10 07:00

The economy is expected to improve in the second half of the year off a low base and also supported by some improvement in global demand, says Nedbank.

Platinum strike still affects economy - Sarb

2014-09-09 13:09

The repercussions of the five-month-long platinum strike are still affecting the country's economy, says the SA Reserve Bank.

Current account deficit shock

2014-09-09 10:33

The current account shortfall has widened more than expected to 6.2% in the second quarter, as SA's economy was hit by prolonged strikes and lower global demand.

Tough task for African Bank commissioner

2014-09-03 12:13

The registrar of banks has appointed a commissioner to investigate African Bank in terms of the provisions of the Banks Act.

African Bank a lesson in 'scaling your bets'

2014-08-28 06:00

Offshore investments, African Bank, investments in the rest of Africa and choosing a fund manager were topics at the RECM Global Perspectives conference.


The downgrading of the country's four big banks will likely raise the borrowing costs for consumers and subject them to more stringent credit checks.

0 comments1814 Views

Bank downgrades: Sarb misses the point

2014-08-22 07:00

It is important to separate downgrades from the health of the banking system and the Reserve Bank's commitment to financial stability, says an economist.

Banking downgrade in perspective

2014-08-21 09:01

The macro-economic backdrop was one of the issues at play in Moody's downgrade of South Africa's major banks, says an expert.


SA economy will not recover - economist

2014-10-17 12:11

The SA economy will not recover despite the views held by economists in a poll, warns an agricultural economist.

Sarb prepared to act to protect rand

2014-10-08 18:31

The South African Reserve Bank is aware of the inflationary effects of the rand's recent fall and will act to protect the currency, says deputy governor Daniel Mminele.

Kganyago must ditch 'disastrous' policies

2014-10-07 12:14

Cosatu says new governor Lesetja Kganyago must insist that the Reserve Bank be nationalised and not be guided by ratings agencies, the World Bank or the IMF.

Rand down on foreign reserves dip

2014-10-07 10:02

The rand has lost ground against the dollar as the greenback rebounded and SA Reserve Bank data showed foreign reserves slipped in September.

Nene: Banking sector downgrade unlikely

2014-10-07 07:00

The government is of the view that a further downgrade to the banking sector is highly unlikely, says Finance Minister Nhlanhla Nene.

Rand firms after Kganyago's appointment

2014-10-06 18:41

The rand has climbed as much as 0.9% against the dollar as investors applauded the appointment of Lesetja Kganyago to succeed Gill Marcus as reserve bank governor.

Markets welcome new sarb governor

2014-10-06 12:52

The rand has rallied to a session high after the appointment of Lesetja Kganyago, who is well-regarded by markets and economists.

New Sarb governor: I will not disappoint

2014-10-06 11:29

Newly appointed SA Reserve Bank governor Lesetja Kganyago has vowed not to let the country down.

As it happened: Kganyago is new Sarb governor

2014-10-06 09:50

President Jacob Zuma has announced that SA Reserve Bank deputy governor Lesetja Kganyago will take over from governor Gill Marcus.

Shuttleworth wins R250m case against Sarb

2014-10-01 17:09

Billionaire businessman Mark Shuttleworth has won his appeal against the SA Reserve Bank and has been awarded R250m with interest by the court of appeal.

Sarb needs strong leader

2014-09-26 07:04

Gill Marcus needs a successor with moral backbone, says Mzwandile Jacks.

Sarb business indicator rises

2014-09-23 10:51

The SA Reserve Bank's monthly leading business cycle indicator has risen 0.3% month-on-month in July, largely driven by the manufacturing sector.

Goodbye Gill Marcus

2014-09-18 23:20

Who is touted to succeed SA Reserve Bank governor Gill Marcus?

Rand hits 7-month low as Marcus signals exit

2014-09-18 18:48

The rand has weakened against the dollar after reserve bank governor Gill Marcus confirmed she will step down when her five year term ends in November.

Sarb governor Marcus stepping down

2014-09-18 15:55

South African Reserve Bank governor Gill Marcus says she will stand down in November when her term ends.

Economists split on interest rates

2014-09-18 07:00

After the release of surprise inflation data, experts vary on what they predict the SA Reserve Bank will decide on the interest rates.

Rand near 7-month low on dismal data

2014-09-11 18:16

The rand has traded close to a seven-month low against the dollar after dismal manufacturing and mining production numbers pointed to an economy in trouble.

Rate hike won't help current account deficit

2014-09-10 06:00

Raising interest rates will not bring about a reduction in the size of South Africa's deficit, according to Investec.

Rand slumps on widening current account gap

2014-09-09 12:12

The rand has fallen to a six-month low of R10.89/$ on the news that the current account widened more than expected as strikes hit exports.

Net reserves down at $44.24bn

2014-09-05 09:02

South Africa's net gold and foreign exchange reserves have dipped in August, from $44.315bn in July, data from the Reserve Bank shows.

Ramaphosa: SA must save during good times

2014-08-28 11:51

Government will pursue a fiscal policy of saving during good times and spending to stabilise the economy during downturns, says Deputy President Cyril Ramaphosa.

Bank downgrades bad news for consumers

2014-08-27 07:00

The downgrade of SA's four biggest banks means consumers will likely pay more when seeking loans and be subject to stringent credit checks, says an expert.

Capitec: the next Abil?

2014-08-24 09:00

Capitec too faces headwinds but it's no disaster in the making, says an asset manager.

S&P: No plans to downgrade SA banks

2014-08-21 11:58

Rating agency Standard & Poor's says it does not intend to downgrade SA's biggest lenders, easing concerns that Moody's cut could have a knock-on impact.

Banking downgrade piles on economic pain

2014-08-20 17:53

Moody's surprise downgrade of the country's four top banks has sent shares in the lenders lower and piled further pressure on the economy.

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