If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. Morning clouds. Mild.
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.
Bailouts for South Africa’s state-owned companies such as Eskom Holdings will weaken the nation’s fiscal position and put its last investment-grade credit rating at risk, the Reserve Bank said.
The damage done by state capture is worse than previously understood, and its effects, coupled with load shedding, are bound to hit economic growth hard.
Economists expect the SA Reserve Bank's monetary policy committee to keep the repo rates unchanged at 6.75% on Thursday.
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.
Economists expect the Reserve Bank to keep the repo rate on hold at 6.75% at the upcoming monetary policy committee meeting this week.
The announcement was made by the central bank's governor Lesetja Kganyago at a media briefing in Pretoria on Thursday afternoon.
Business Insider SA understands the new CEO of Absa will be coming from outside the group.
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