Inflation is effectively a tax, says SARB's Kganyago

2017-04-26 14:15

Inflation is essentially a regressive tax impoverishing those in society who should be helped, says SA Reserve Bank Governor Lesetja Kganyago.

SARB worries about more rating actions, but limits scope for rate cuts

2017-04-11 07:31

The scope for interest-rate cuts in South Africa is limited even as the policy-tightening trajectory may be over, the SA Reserve Bank has said.

SARB backs SA banks after S&P ratings cut

2017-04-06 15:55

The SA Reserve Bank has reiterated that South African banks are adequately capitalised to deal with the effects of a cut from S&P to a sub-investment grade.

FULL STATEMENT: S&P cuts SA to junk status, fears political risks

2017-04-03 18:19

S&P has downgraded South Africa to junk status, noting that President Zuma has put at risk South Africa's fiscal and growth outcomes with his Cabinet changes.

'Political shenanigans' likely robbed consumers of interest rate cut - expert

2017-03-30 20:01

Consumers possibly have this week's "political shenanigans" to thank for the decision by the SA Reserve Bank to leave interest rates unchanged, says an investment expert.

Rand unlikely to react to rates decision - economist

2017-03-30 16:04

The currency’s recent volatility is attributable to political movements rather than the Reserve Bank's interest rate decision, says an economist.

Kganyago: Inflation holds key to interest rate cut

2017-03-30 13:34

There can be no interest rate reprieve without a sustained improvement in the inflation outlook, says Reserve Bank governor Lesetja Kganyago.

Gordhan stays mum on Oakbay banks case

2017-03-24 16:15

The Gordhan/Oakbay court battle will commence next week, but Finance Minister Pravin Gordhan would not weigh in on the matter.

Banks close accounts as last resort - SARB's Naidoo

2017-03-22 12:12

It is not the intent of banking legislation to close the bank accounts of individuals and businesses, says Reserve Bank deputy governor Kuben Naidoo.

BMF: State must dismantle bank ownership concentration - as it happened

2017-03-22 09:49

The Black Management Forum wants a judicial inquiry into the banking sector, it has told a hearing in Parliament.


Kganyago: SA to keep targeting low inflation for lower rates

2017-04-26 07:27

South Africa's inflation is under control and the Reserve Bank will maintain a policy to keep it low to protect the poor and ease inequality, says governor Lesetja Kganyago.

Here are the R5 coins causing a stir

2017-04-10 12:12

The South African Reserve Bank has had to step in and calm the fears of concerned South Africans after R5 commemorative circulation coins caused a stir.

#JunkStatus: SA has suffered a serious setback - SARB

2017-04-04 20:17

South Africa needs to intensify efforts to reverse the current ratings trajectory, says Daniel Mminele, a Deputy Governor of the SA Reserve Bank.

Gupta-linked Vardospan loses 11th-hour court bid to buy Habib Bank

2017-03-31 10:56

A high court judge has thrown out an urgent application by Vardospan for the court's permission to gain a controlling stake in Habib Bank.

Judge says urgent application against Gordhan, SARS may be too late

2017-03-30 17:06

A High Court judge says the urgent application against SARB and Finance Minister Pravin Gordhan may have been filed too late for the court to consider.

SARB keeps interest rate steady

2017-03-30 15:22

Reserve Bank governor Lesetja Kganyago has announced that the monetary policy committee has decided to leave the interest rate unchanged at 7%.

SARB denies 'defending banking sector'

2017-03-29 10:34

The South African Reserve Bank has denied media reports that its deputy governor Kuben Naidoo is “defending the lack of transformation in the banking sector".

Bets are on first SA rate cut in more than four years

2017-03-22 14:52

Traders are adding to bets on the first rate cut in more than four years after data showed the current-account deficit narrowed and consumer inflation slowed for a second month.

Why fewer large banks are good (and bad) for SA - SARB

2017-03-22 10:42

There are particular advantages to having a small number of large banks, such as in South Africa, says the South African Reserve Bank deputy governor.

Kganyago: Too soon to call rate-hike cycle end

2017-03-17 19:20

It’s too early to make the call as to whether South Africa is still on the tightening cycle or not, says South African Reserve Bank Governor Lesetja Kganyago.

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