Naidoo is one of three deputy governors of the Reserve Bank, who work alongside Governor Lesetja Kganyago in the executive management of the bank.
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.
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.
“South Africa’s credit rating is in the hands of South African policy makers,” said the central bank governor.
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.
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.
This week on POLOTIKI, we look at the legal battle between the South African National Editors' Forum (Sanef) and EFF. Listen.
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.
It’s been a tough year for South African retail stocks, battered by gloomy economic news. But hope is on the way.
The reappointment of Lesetja Kganyago as Reserve Bank governor will ensure the bank maintains its independence.
A rates cut might provide the stimulus needed to bolster the SA economy, but other reforms are still necessary, says an economist.
The SA Reserve Bank's monetary policy committee has unanimously voted to reduce the repo rate from 6.5% to 6.25%.
'Of the may things we able to control, the exchange rate is not one of them,' says Kganyago.
Kganyago noted that economic activity remains weak.
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 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".
Lesetja Kganyago has said that South Africa can avoid reaching out to the International Monetary Fund for funding if hard decisions are made.
The central bank's monetary policy committee has cut the benchmark repo rate by 25 basis points to 6.5% from 6.75%.
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.
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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