Former president Jacob Zuma was never going to remain the all-powerful and omnipresent political figure that he thought, writes Pieter du Toit.
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.
South Africa will strive to allow competition into its banking system in a way that won’t threaten the stability of the industry as more and more entrants seek to rival the biggest lenders, says Kuben Naidoo.
The SA Reserve Bank might have made a different decision about interest rates last week, if economic growth was not so weak, says deputy governor Kuben Naidoo.
The SA Reserve Bank has signed off on orders of forfeiture to take a combined R9.8m from the bank accounts of six businesses, which will go into the National Revenue Fund.
The rand’s plunge to the weakest in almost seven months against the dollar may necessitate interest-rate increases, central bank Deputy Governor Kuben Naidoo has said.
SA Reserve Bank registrar Kuben Naidoo has told Parliament’s Standing Committee on Finance that the SARB warned VBS against placing reliance on the ten largest depositors, with municipalities the largest.
The Reserve Bank has confirmed it received a submission from Postbank for a banking licence as the ANC puts pressure on government to speed up the process.
The South African Reserve Bank has denied media reports that its deputy governor Kuben Naidoo is “defending the lack of transformation in the banking sector".
It will take years to rebuild trust in SA but, at least the country is moving in the right direction, says SARB deputy governor Kuben Naidoo.
SA’s “big four” banks could have been locked out of the international payments system if they had kept Gupta bank accounts open, says the SARB deputy governor.
The ANC's plan to make it easier to take land without compensation could impact financial-sector stability, but it’s “too early to panic", says the deputy governor of SARB.
SA Reserve Bank deputy governor and registrar of banks Kuben Naidoo has told Fin24 that he is not aware of any new probes into Capitec Bank.
The Gupta-linked Bank of Baroda has formally informed the Reserve Bank of its intention to exit the country.
The South African Reserve Bank has handed over 41 cases to the police over the past five years, which only resulted in one successful prosecution.
A High Court judge says the urgent application against SARB and Finance Minister Pravin Gordhan may have been filed too late for the court to consider.
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