SA expects decisive leadership from the president, including the fight against Covid-19 and holding his Cabinet to account, writes Mpumelelo Mkhabela.
High level clouds. Mild.
South Africa’s rising country risk is putting upward pressure on interest rates, even as inflation expectations are dropping, with credit-rating companies contributing to the negative sentiment, according to the Reserve Bank.
The South African Reserve Bank has imposed administrative sanctions on five major banks due to weaknesses in the banks’ money laundering control measures. This didn't mean they had facilitated transactions involving money laundering, the SARB added.
If the new coins could tell a story of 2019’s South Africa to those studying them a century from now, they would tell a story of opportunity, glass ceilings shattering and creative entrepreneurs, including women, claiming their space in the economy.
ANC secretary general Ace Magashule on Thursday condemned "gatekeepers", whom he said censured him for his remarks about the ownership and mandate of the South African Reserve Bank.
The SARB should be "insulated from short-term political agendas from policymakers outside of Parliament", the Association of Black Securities and Investment Professionals said, after a week of conflicting messages from the governing ANC regarding the party’s intentions for the central bank.
President Cyril Ramaphosa's silence on contradicting statements made by senior party leaders on the possible expansion of the mandate of the South African Reserve Bank is not an indictment on his leadership, former president Kgalema Motlanthe has said.
Changing the Reserve Bank's mandate is not within the ambit of the ANC, an economist says.
Tito Mboweni and Enoch Godongwana came out late on Tuesday evening to deny any concrete plans or commitments to expanding the Reserve Bank's mandate, despite reporters being told that that was the case during a briefing of the party's Lekgotla.
Economic activity has disappointed over the past year, SA Reserve Bank Deputy Governor Mminele said, adding that growth projections for 2020 and 2021 only show, at best, a sluggish recovery.
The deputy president reaffirmed the ANC's intention to nationalise the SA Reserve Bank and place 'public interest and development' at the centre of central bank's existence.
The central bank last year came under criticism from labor unions and some senior ANC members who want interest rates to be reduced.
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.
Removing policy uncertainty in South Africa, allocating new broadband spectrum and changing visa regulations could immediately boost the country’s flagging economy and reduce the crisis-level unemployment rate, Reserve Bank Deputy Governor Kuben Naidoo says.
Central banks in sub-Saharan Africa’s key economies will take direction from US Federal Reserve Chairman Jerome Powell when they make calls on interest rates in the next 10 days.
The head the ANC’s sub-committee on economic transformation, Enoch Godongwana, has denied the party resolved to change the mandate of the central bank at its 2017 conference.
Public clashes of top ANC officials around the expansion of the mandate of the South African Reserve Bank are likely to be a talking point in a meeting of the party's top six.
Fin24 tracks what various stakeholders have been saying about the ownership and mandate of the SA Reserve Bank.
This muddies the waters on the Reserve Bank’s fate, even as SA Reserve Bank Governor Lesetja Kganyago has been vocal about not tinkering with the central bank's mandate.
Lesetja Kganyago has again hit out at Public Protector Busisiwe Mkhwebane for displaying a 'flagrant disregard of the law' when she ordered the Constitution be changed in 2017 to alter the mandate of the SA Reserve Bank.
Debates on the Reserve Bank have focused on its shareholding, mandate and independence - which are interlinked, says Jannie Rossouw.
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