A decade of Jacob Zuma has made South Africans more desperate but also more wary of politics and receptive to Siya Kolisi's brand of sincere, lived-in pragmatism, writes Cecelia Balfour.
Mostly sunny. Mild.
Reserve Bank Deputy Governor Francois Groepe's replacement will be the first senior executive selected by President Cyril Ramaphosa after taking over from Jacob Zuma as leader of the country.
The risk that inflation will overshoot the 6% upper limit of the Reserve Bank’s target should not be underestimated given the volatile global environment, Deputy Governor Daniel Mminele said.
Short-termism and expediency are the enemies of the positive forces of free trade and globalisation, say a SARB deputy governor and a top European banker.
The pushback against globalisation means an increasing number of voters believe there is not much to gain from the current system, says deputy Sarb governor Daniel Mminele.
The SA Reserve Bank will focus on achieving price and financial stability, for long term growth, says deputy governor Daniel Mminele.
Reserve Bank deputy governor Daniel Mminele says South Africa should not underestimate the risk of credit rating downgrades if the ailing economy does not improve.
The South African Reserve Bank has little room to manoeuvre on borrowing costs in the face of accelerating inflation, says deputy governor Daniel Mminele.
Deputy Governor Daniel Mminele has said at a forum showcasing Sarb's monetary policy review, that SA's growth rate is “dismal” and shows no room for complacency.
The rand has strengthened against the dollar after comments by deputy SA Reserve Bank governor Daniel Mminele buoyed expectations for an interest rate hike.
South African Reserve Bank governor Gill Marcus, who is a prominent opponent of excessive executive pay, has taken a salary cut in real terms.
It is likely that the rand, along with other emerging market currencies, will remain volatile, says deputy governor of the SA Reserve Bank Daniel Mminele.
There are signs of recovery for the South African economy, but this will only be “modest” given low confidence levels, says Reserve Bank deputy governor Daniel Mminele.
South Africa needs to intensify efforts to reverse the current ratings trajectory, says Daniel Mminele, a Deputy Governor of the SA Reserve Bank.
Deutsche Bundesbank has appointed a representative in SA to solidify the collaboration between the central banks to enhance global economic and financial stability.
SA will have to grow by around 1% for each of the three remaining quarters of the year to avoid a recession in 2016, says SA Reserve Bank deputy governor Daniel Mminele.
The rand has been the best performer against the dollar and Sarb will look at the sustainability of the rally to see if it changes the inflation trajectory, says deputy governor Daniel Mminele.
The Reserve Bank could change its monetary stance because of rising risks to the inflation outlook and a likely rate hike in the US, says the deputy governor.
SA's current account and fiscal deficits as well as poor economic growth pose a risk to monetary and fiscal policy, says Reserve Bank Deputy Governor Daniel Mminele.
The South African Reserve Bank is aware of the inflationary effects of the rand's recent fall and will act to protect the currency, says deputy governor Daniel Mminele.
The Reserve Bank says inflation is "uncomfortably high" and could rise further amid a marked deteriotation in the domestic economic growth outlook.
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