If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. Morning clouds. Mild.
Democracy in Action, a civil society organisation, is raising funds on a crowdfunding website to cover the bill that Public Protector Busisiwe Mkhwebane will have to pay following a damning Constitutional Court judgment last month.
Bailouts for state-owned companies risk pushing the country’s debt-to-GDP ratio to among the highest in emerging markets, South African Reserve Bank Governor Lesetja Kganyago has warned.
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.
The recent squabble over the mandate of the South African Reserve Bank has very little to do with real economic policies, say Vishnu Padayachee, Robert van Niekerk and Imran Valodia.
Deputy Governor Daniel Mminele resigned this week from the Reserve Bank.
Uncertainty rules the day in South Africa, but one thing that seems clear is that the Reserve Bank will likely be cutting interest rates. Although this will provide temporary relief for consumers, a lot more is needed to boost our economic growth.
In a week that saw the revival of a war of words over the expansion of the Reserve Bank's mandate, politicians ranging from ANC bigwigs to President Cyril Ramaphosa attempted to offer clarity on the matter which sent confusion across the markets.
The Reserve Bank fracas has once again shown a ruling party with its back against the wall, says Khulekani Magubane.
The damage caused by state capture is "worse than originally suspected", Reserve Bank lead economist for regional policy David Fowkes has said, saying it had resulted in an environment of "major investment and no growth".
Mboweni should have more power than he does, says Ferial Haffajee.
Reserve Bank governor Lesetja Kganyago has a new favoured description on the debate around nationalisation of the central bank – which captures a bit of testiness.
The SA Reserve Bank's decision to cut the repo rate by 0.25% has been met with cautious optimism by analysts.
"I'll serve, if asked," says SARB governor Kganyago. But what if the IMF asks first?
The finance minister and Reserve Bank governor have issued a joint statement confirming their respective roles.
There are those waiting "in the wings" in the hope of maximising their share benefits at the South African Reserve Bank if it were to be nationalised recklessly, ANC chairperson Gwede Mantashe has warned.
Grade 12 students – with good marks and an interest in something the Reserve Bank can use – have until the end of September to apply for full-ride bursaries. Just as long as they are happy to get jobs after their studies are completed.
Monetary Policy Committee member and head of economic research and statistics, Rashad Cassim, says the central bank has done much good for SA’s economy, but structural economic problems that pervade South Africa are beyond its power.
Officials from the South African Reserve Bank have called the debate surrounding nationalising the Reserve Bank or changing its mandate "simplistic" and said shifting it to complete state ownership would be a costly endeavour with little benefit.
Finance Minister Tito Mboweni is back on Twitter, saying there "should be no issues" regarding the Reserve Bank's mandate.
President Cyril Ramaphosa faces a perfect storm of factors requiring him to make some tough decisions, says Terence Corrigan.
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