Kuben Naidoo appointed deputy governor of Reserve Bank for second term

2020-03-25 13:41

Naidoo is one of three deputy governors of the Reserve Bank, who work alongside Governor Lesetja Kganyago in the executive management of the bank.

Monetary policy alone can’t fix the economy, says Kganyago

2020-03-04 21:02

South Africa’s weak economic growth is due to unsustainable policies and monetary policy alone can’t fix that, Reserve Bank Governor Lesetja Kganyago said on Wednesday.

SA finances could worsen even more, says Reserve Bank

2019-11-29 09:04

There is a high likelihood that the government’s finances will deteriorate further, posing risks to the stability of the country’s financial system, the central bank says.

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.

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.

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.

POLITICS PODCAST: Journos vs the EFF, and will SA need IMF help?

2019-08-09 07:29

This week on POLOTIKI, we look at the legal battle between the South African National Editors' Forum (Sanef) and EFF. Listen.

You can’t do an 'abracadabra with debt', says Reserve Bank's Kganyago

2019-07-26 13:48

Attempting to move debt from state-owned enterprises like Eskom to the SA Reserve Bank would in no way make the obligations disappear, and would only change to whom the interest is paid, governor Lesetja Kganyago said on Friday.

Prospect of rate cuts stirs hope for retail stocks

2019-07-18 09:48

It’s been a tough year for South African retail stocks, battered by gloomy economic news. But hope is on the way.

Kganyago's reappointment will keep Reserve Bank independence in safe hands - unions

2019-07-11 20:55

The reappointment of Lesetja Kganyago as Reserve Bank governor will ensure the bank maintains its independence.


Coronavirus, oil crash could spur on two more rate cuts in 2020

2020-03-17 15:43

A rates cut might provide the stimulus needed to bolster the SA economy, but other reforms are still necessary, says an economist.

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%.

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.

Interest rates left unchanged despite the Reserve Bank's gloomier growth forecasts for 2020

2019-09-19 15:11

Kganyago noted that economic activity remains weak.

Kganyago on 4IR: We can't protect jobs, but we can protect people

2019-09-06 11:41

Reserve Bank Governor Lesetja Kganyago says one of the biggest challenges for the transition into the Fourth Industrial Revolution is organised labour's pleas to protect jobs.

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".

'We are not there yet': Reserve Bank governor on talk of IMF bailout

2019-08-08 14:59

Lesetja Kganyago has said that South Africa can avoid reaching out to the International Monetary Fund for funding if hard decisions are made.

SA Reserve Bank cuts repo rate for first time in more than a year

2019-07-18 15:15

The central bank's monetary policy committee has cut the benchmark repo rate by 25 basis points to 6.5% from 6.75%.

SA interest rates may fall, and not due to politics

2019-07-17 07:51

Should Reserve Bank governor Lesetja Kganyago announce a cut in South African interest rates this week, as expected, it won’t be because politicians want him to.

Reserve Bank: Ramaphosa re-appoints Kganyago, appoints 2 new deputies

2019-07-10 17:08

President Cyril Ramaphosa has re-appointed Lesetja Kganyago as governor of the SA Reserve Bank, with Fundi Tshazibana and Rashad Cassim as deputies, the Ministry of Finance has said in a statement.

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