In this week's edition we take a look at the Zuma effect, surprising ways the economy will change and deliver a sobering Covid-19 report card.
High level clouds. Warm.
This follows an initial raft of interventions announced last week to provide lenders with cheaper access to funding.
The South African Reserve Bank suspects that criminals have been visiting South African homes and telling them to hand over banknotes in their possession, claiming the banknotes were contaminated with the coronavirus.
Two months can be a long time in central banking, and if you are the South African Reserve Bank, it can mean bringing an interest rate cut forward and a move to signaling even more.
Kganyago noted that economic activity remains weak.
Lesetja Kganyago has said that South Africa can avoid reaching out to the International Monetary Fund for funding if hard decisions are made.
Should Reserve Bank governor Lesetja Kganyago announce a cut in South African interest rates this week, as expected, it won’t be because politicians want him to.
State-owned entities led by Eskom are the main beneficiaries of government guarantees, followed by Independent Power Producers.
The local currency is at its weakest level in eight months, as a debate about the mandate of the SA Reserve Bank, predictions of a recessions and the global trade war take their toll.
A fight is brewing over South Africa’s Reserve Bank and Governor Lesetja Kganyago is ready for it, flanked by his finance minister and the head of the ruling party’s economic policy.
The decline is the biggest quarterly fall in SA's economic activity since the start of 2009, when the economy tumbled under strain from the global financial crisis, says Stats SA.
The central bank stepped in to keep money flowing in the economy by providing lenders with cheaper access to funding and reorganising the way it injects liquidity into the financial system.
The government has not been particularly decisive about whether it wants complete liberation for all South Africans or if it is interested in maintaining the status quo which is the same order that existed during apartheid, writes Mcebo Dlamini.
Public Protector Busisiwe Mkhwebane’s controversial June 2017 order directing Parliament to amend the Constitution to change the mandate of the South African Reserve Bank was handed to her on a piece of paper by a State Security Agency official.
Tshazibana, an accomplished economist, says at university she never thought she would find herself at the central bank, as she picked up economics as a 'by the way' major.
Bank of Baroda SA has paid R400 000 in administrative penalties into the Criminal Assets Recovery Account within the National Revenue Fund, after being fined by the SA Reserve Bank's Prudential Authority.
Addressing a breakfast briefing in Johannesburg, the bank's governor said the discussion around the ownership and mandate of the central bank appears 'impervious to facts'.
This week on POLOTIKI we look at the "surprise" appointment of Good party leader Patricia de Lille to Cabinet and how the ANC sees the mandate of the SA Reserve Bank changing.
Earlier in the week ANC secretary general Ace Magashule said the party's NEC agreed to expand the Reserve Bank’s mandate, promoting stringent denials from Finance Minister Tito Mboweni.
South Africa's steel and metal sector has pleaded with President Cyril Ramaphosa to show bold leadership in place of "soothing words" after Stats SA reported a shock 3.2% fall in the country's quarterly GDP on Tuesday morning.
Since early May economists have been predicting that SA's economy would contract in the first quarter of 2019, caused by a combination of depressed expenditure and investment, weak demand and the impact of load shedding.
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