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.

SA's banking sector is healthy - Sarb

2014-08-20 07:00

The South African Reserve Bank has disputed Moody's decision to downgrade Standard Bank, FirstRand, Absa and Nedbank and put them on review for further cuts.

Capitec recovers after downgrade

2014-08-19 17:01

In what could be seen as a vote of confidence in Capitec Bank, former CEO Riaan Stassen has bought 5 000 shares to the value of R1 025 000.

Absa ditches African Bank investments

2014-08-15 20:50

Absa Bank says it has removed all African Bank Investments Limited investments from its Absa Money Market Fund to provide certainty and confidence to investors.

NCR welcomes African Bank curatorship

2014-08-13 17:31

The SA Reserve Bank’s decision to place African Bank under curatorship will bring stability to the country's credit market, says the National Credit Regulator.

NCR faces flak over African Bank fiasco

2014-08-11 17:46

The Debt Counselling Industry portal is calling for a probe into the National Credit Regulator, claiming it is an accessory to the crisis at embattled African Bank.

African Bank placed under curatorship

2014-08-10 16:20

African Bank has been placed under curatorship and the resolution of thereof will see the bank split into two parts, says the SA Reserve Bank.

Marcus vows to support weak economy

2014-07-25 12:19

The SA Reserve Bank will continue supporting the economy through difficult times by focusing on price and financial stability, says governor Gill Marcus.

Banks hike lending rates

2014-07-17 19:32

Banks have hiked their prime lending rates after the SA Reserve Bank's MPC increased the repo rate by 25 basis points.

Sarb hikes repo rate

2014-07-17 15:26

South African Reserve Bank governor Gill Marcus has announced a repo rate hike in the wake of rising inflation and weak economic growth.

Rand flat ahead of rates decision

2014-07-17 10:14

The rand has largely been flat against the dollar ahead of a decision by the SA Reserve Bank on interest rates later in the session.

Celebrating freedom with new R5 coin

2014-07-02 10:28

The Reserve Bank has launched a new R5 coin to celebrate 20 years of democracy and answers a Fin24 user's query why pre-2004 R5 coins are still in circulation.

Gill Marcus forgoes salary hike

2014-06-25 20:07

South African Reserve Bank governor Gill Marcus, who is a prominent opponent of excessive executive pay, has taken a salary cut in real terms.

Sarb warns of intense challenges

2014-06-25 13:24

The SA Reserve Bank is still facing intense challenges and will be mindful of the impact of its policy decisions on economic growth, it says.

Sarb business indicator unchanged

2014-06-24 11:23

The SA Reserve Bank's monthly leading business cycle indicator was unchanged on a month-on-month basis in April.

Inflation boosts case for rate hike

2014-06-18 13:15

Data shows consumer inflation has accelerated more than expected, backing the case for an increase in interest rates this year.

Get ready for rate hikes

2014-06-10 08:59

Advice on how to tackle debt and keep your head above water in an upward rate cycle.

SA's net reserves fall slightly

2014-06-06 10:23

South Africa's net gold and foreign exchange reserves were slightly lower in May than in April, show data from the SA Reserve Bank.

Banks remain profitable, says Sarb

2014-05-28 15:11

South African banks remained profitable and were adequately capitalised at 15.6% by the end of last year, according to the SA Reserve Bank.

Interest rate: Debt warning for consumers

2014-05-23 05:00

Consumers should use the unchanged 5.5% repo rate to reduce their debt because the economy is weak, economists warn.

Why Sarb kept interest rate unchanged

2014-05-22 18:09

The SA Reserve Bank's decision to keep the repo rate unchanged shows it is wide awake at the steering wheel and in touch with the real world, says an expert.


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 comments1588 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.

Rand biggest risk to inflation

2014-08-20 17:15

Inflation is expected to remain above the South African Reserve Bank's 6% upper target range for the rest of the year, warns Nedbank.

Moody's cuts ratings of four more top banks

2014-08-19 18:27

Moody's has downgraded the credit rating of Standard Bank, Absa, FNB and Nedbank after Capitec suffered the same fate.

Capitec shares sink after ratings cut

2014-08-18 10:39

Shares of Capitec Bank have sunk in early trade after a Moody's ratings downgrade that cited concerns about the bank's exposure to risky consumer lending.

Senior bondholders denied access in Abil bailout

2014-08-14 11:01

Sarb's decision to impose losses on senior bonds contrasts with one by Portuguese authorities to shield such investors in their bailout of Banco Espirito Santo.

African Bank: Curator answers questions

2014-08-13 15:43

Many Fin24 users want to know how the curatorship Sarb has placed African Bank under will affect their loans, loan repayments and credit cards.

Arrowhead reassures about African Bank impact

2014-08-11 12:48

Arrowhead Properties has reassured linked unitholders that its exposure to African Bank is insignificant.

Sarb to announce measures for African Bank

2014-08-10 15:44

The SA Reserve Bank says it will announce measures regarding the troubled African Bank.

Rand holds onto post rate-hike gains

2014-07-21 09:39

The rand has held steady against the dollar, starting the week with a firmer tone after the Sarb raised interest rates and global risk aversion abated.

Rate hike disappointing for the housing market

2014-07-17 16:07

Insofar as housing is concerned, holding off on a rate hike for a little longer would have been preferred, say experts.

Placing bets on interest rate moves

2014-07-17 13:02

With experts split on whether the Reserve Bank will hike the repo rate, a binary option offers punters the chance to make a quick buck - if they get it right.

SA's rate hike clock at midnight - economist

2014-07-12 05:00

The Reserve Bank will raise the interest rate by 50 basis points at next week's monetary policy committee meeting, predicts an emerging markets economist.

Credit growth quickens to 8%

2014-06-30 08:38

Growth in credit demand from the private sector has quickened to 8.34% in May, data from the South African Reserve Bank shows.

China slowdown could affect SA trade

2014-06-25 18:51

A further slowdown in China’s economy could impact commodity prices, which would adversely affect SA’s terms of trade, says Sarb governor Gill Marcus.

Sarb warns on inflation

2014-06-25 09:15

The Reserve Bank says inflation is "uncomfortably high" and could rise further amid a marked deteriotation in the domestic economic growth outlook.

Rand strengthens to 10-day highs

2014-06-19 19:35

The rand has extended gains to a 10-day high against the dollar, buoyed by better-than-expected domestic economic data.

Strike stole SA's economic growth

2014-06-18 12:57

The economy would have grown 1.6% instead of contracting 0.6% in the first quarter of 2014 had it not been for the platinum sector strike, says the Reserve Bank.

How to prepare for rate hikes

2014-06-09 10:49

Interest rates are sure to go up. An expert gives tips on how to get ready for the inevitable, and offers advice to the indebted.

Marcus soothes recession fears

2014-06-04 09:24

Reserve Bank governor Gill Marcus says she does not see the economy going into recession, despite a GDP contraction of 0.6% in the first quarter.

Strike pushing SA towards recession

2014-05-28 05:00

The protracted strike in the platinum sector led to the steepest decline in first quarter output since 1967, taking the economy a step closer towards a recession.

Banks react to interest rate decision

2014-05-22 18:50

Some SA banks have already responded to the SA Reserve Bank's decision to keep the interest rate unchanged.

Rates decision not unanimous, says Marcus

2014-05-22 16:55

South African Reserve Bank governor Gill Marcus says the decision to keep the key lending rates on hold at 5.5% was split.

Jobs in Cape Town [change area]

Jobs in Western Cape region

Sales Executive/Branch Manager- Paint (Killarney Gardens)

Cape Town
West Coast Personnel
R12 000 - R15 000 Per Month

Stock Controller

Cape Town
Purple Door Recruitment (Pty) Ltd
R4 000 - R6 000 Per Month

Accounts clerk

Cape Town
Kontak Recruitment
R4 500 - R5 000 Per Month

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now! - shop online today

Up to 40% off fashion accessories

Save up to 40% on selected handbags, purses, watches, jewellery and more. Offer valid while stocks last. Shop now!

Save up to R2000 on top electronics

Get every day mind bowing savings on top electronics. Offer valid while stocks last. Shop now!

As seen on TV - New book releases at only R199 each

Get mind blowing book savings on new titles. Offer valid while stocks last. Shop now!

Save up to 50% on Women’s month treats!

Celebrate the awesome women in your life with awesome treats like beauty products, fashion accessories, bestselling books, electronics and more. Offer valid while stocks last. Shop now!

Up to 60% off - clearance sale!

Save up to 60% on appliances, books, electronics, toys, movies and more. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.