Curb coronavirus spread, but economic bedlam awaits regardless, BLSA boss warns

2020-03-19 21:44

The CEO of Business Leadership SA warns that, even if the country successfully curbs the spread of the coronavirus, its economic impact is bound to be dire.

R400m recovered so far from illicit financial flows

2020-03-18 15:16

SARS commissioner Edward Kieswetter says the tax authority includes illicit financial flows among its projects aimed at combating the illicit economy.

Using printing presses for the SARB to repay Eskom loans

2020-03-11 11:57

So it is difficult to imagine who would want to stop the SARB if it would help reduce load shedding and contain further job losses.A similar argument arises in providing social houses to replace our dangerous rusty corrugated iron suburbs.

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.

 

Coronavirus scam: The Reserve Bank isn't collecting your 'contaminated' banknotes

2020-03-18 18:15

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.

Reserve Bank warns against scammers 'recalling cash contaminated with coronavirus'

2020-03-17 11:02

The South African Reserve Bank has warned the public about fake officials who go around collecting cash 'contaminated' with the novel coronavirus (Covid-19) from unsuspecting people.

Ramaphosa’s best ideas are borrowed, Malema charges in SONA debate

2020-02-18 20:15

The ANC was jittery about establishing a state-owned bank until Minister of Finance Tito Mboweni "hijacked the superior logic of the EFF", Julius Malema said on Tuesday.

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.

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