Goldman Sachs opens bank branch in South Africa

2020-01-20 13:19

Goldman Sachs Group will open a Johannesburg branch of the international bank, and has been admitted as a member of the Johannesburg Stock Exchange's interest rate and currency derivatives market, it said in a statement Monday.

Reserve Bank cuts repo rate

2020-01-16 15:13

The SA Reserve Bank's monetary policy committee has unanimously voted to reduce the repo rate from 6.5% to 6.25%.

SARB hits back at Mkhwebane's claims of 'challenges' in VBS probe - report

2019-12-13 08:12

The South African Reserve Bank has hit back at Public Protector Busisiwe Mkhwebane, saying it already responded to her in September and is awaiting her feedback regarding the VBS Mutual Bank saga, according to a report.

VBS liquidator accepts claims from SARB, PIC and a few municipalities

2019-11-10 13:27

VBS liquidator Anoosh Rooplal will check accepted claims against bank records and adjust or expunge those found to have discrepancies or to be invalid.

VBS creditors can stake claims next month

2019-10-25 17:29

VBS Mutual Bank's liquidators will meet creditors of the ill-fated bank in November, where the latter can lodge claims on the estate of the bank.

Kganyago: Junk rating can be avoided

2019-10-18 07:44

“South Africa’s credit rating is in the hands of South African policy makers,” said the central bank governor.

'Make history': SA Mint wants your designs for a new R2 coin

2019-09-17 11:11

The South African Mint has put out a call for people to submit designs for a new R2 coin which depicts one of South Africa's bill of rights.

Ahead of next week's rate decision, Kganyago warns parliament of weak economy

2019-09-12 09:01

South African Reserve Bank governor Lesetja Kganyago told members of the committee that economic activity was weak and that there was insufficient investment to support job creation.

Future of Postbank still in the balance after Barnes resignation

2019-09-03 22:01

Minister of Communications Stella Ndabeni-Abrahams has said that differences in determining the fate of Postbank were behind the decision of Mark Barnes to resign as CEO of the South African Post Office, and that talks are still underway to determine a path forward.

Duarte: Let's be clear on the sovereignty of SARB

2019-07-30 18:42

The ANC wants the Reserve Bank to be in the hands of the people of SA, says the ruling party's deputy secretary-general Jessie Duarte.

 

What interest rate cut means for residential property market

2020-01-17 14:39

Property experts weigh in on the Monetary Policy Committee of the SA Reserve Bank's decision to lower interest rates.

Tito slams plan to nationalise Reserve Bank, invites critics to 'burn him at the stake'

2020-01-14 20:08

Finance Minister Tito Mboweni has again taken to Twitter to express his frustration, with his views on the role and independence of the SA Reserve Bank taking centre stage of a heated online debate.

SARB keeps rates unchanged as JSE closes softer

2019-11-21 18:30

Locally, the South African Reserve Bank decided to keep the repo rate unchanged at 6.50% as the bank reiterated that future policy decisions would continue to be data driven.

Some municipalities struggling to deliver services after VBS losses, AG warns

2019-11-07 13:16

Fourteen municipalities that deposited R1.6bn in the ill-fated VBS Mutual Bank were unlikely to ever recover their money, the auditor general says.

Kganyago sees little point in SARB intervening to prop up rand

2019-10-25 16:06

'Of the may things we able to control, the exchange rate is not one of them,' says Kganyago.

SA salary growth hits record low

2019-09-25 14:05

Workers are seeing meagre pay increases that do not keep up with inflation.

Emerging-market rally may hinge on stimulus. Just not too much

2019-09-15 15:50

Emerging markets will again be looking to central banks to provide the next leg-up in a rally that’s making it the best September so far for stocks and currencies since 2013.

SARB governor confident on economic growth after rebound

2019-09-04 19:54

A surprise rebound in economic growth in the second quarter means the SA economy is on track to expand this year, says SARB governor Lesetja Kganyago.

Reserve Bank governor sues ANC councillor Andile Lungisa for R500k over 'lackey of racists', k-word tweets

2019-08-13 17:19

Reserve Bank Governor Lesetja Kganyago is suing outspoken ANC Nelson Mandela Bay councillor Andile Lungisa for R500 000 for defamation after two tweets which characterised Kganyago as a "lackey of racist people".

The small mistakes that could destroy Ramaphosa politically

2019-07-25 08:27

Mkhwebane's questionable legal competency aside, Ramaphosa is making mistakes that, cumulatively, have the potential to destroy him politically. He should lead by example in his own rhetoric, writes Mpumelelo Mkhabela.

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