<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5981555629001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The International Monetary Fund is visiting the country to discuss economic development. CNBC Africa&#8217;s Fifi Peters attended a joint media pressing in collaboration with the South African Reserve Bank.</p>


Lagarde clears the air on IMF’s South Africa bailout

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5850773400001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Reserve Bank Governor, Lesetja Kganyago, has defended the role they played as a regulator in the fall of VBS Mutual Bank. The Governer was responding to a question thrown at him during today&#8217;s Association of Black Securities and Investment Professionals&#8217; annual conference.</p>


SARB defends its role in VBS collapse

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5808984290001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>We are five days away from national commemoration of Nelson Mandela&#8217;s centenary and in celebration of that, The South African Reserve Bank is launching new commemorative bank notes and coins in Pretoria today. CNBC Africa&#8217;s Aviwe Mtila was in attendance and spoke to Ndileka Mandela, Social Activist and the first grandchild of the late statesman&#8217;s first child.</p>


Ndileka Mandela on the new Nelson Mandela notes

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5807069981001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>VBS Mutual Bank depositors will now access their funds through Nedbank. This attempt by the reserve bank to assist depositors in accessing their funds will resume on Friday. The maximum amount has been upped from 1000 a day to 100 000. Joining CNBC Africa is Kuben Naidoo, Deputy Governor of the South African Reserve Bank.</p>


SARB’s Kuben Naidoo on how to prevent another VBS

<p>Following an outcry over how depositors at South African based VBS Mutual Bank, which was <a href="http://cnbc.africa/news/financial/2018/03/11/black-owned-bank-vbs-placed-curatorship/">placed under curatorship in March</a>, have been treated, the South African Reserve Bank (SARB) revealed that it has secured a guarantee from National Treasury for retail deposits up to R100 000 per depositor.</p>
<p>Retail depositors refers to individuals, funeral schemes, burial societies, savings clubs and stokvels.</p>
		
						<div style="display: block; position: relative; min-width: 0px; max-width: 640px;">
					<div style="padding-top: 56%; ">
						<video-js
								id="5771807537001"
								data-video-id="5771807537001" data-account="1571595826001"
								data-player="962b8774-5f97-47fd-81a6-837da7aecf49"
								data-usage="cms:WordPress:6.5.2:2.8.4:javascript"
								data-embed="default" class="video-js"
								data-application-id=""
								controls   								style="width: 100%; height: 100%; position: absolute; top: 0; bottom: 0; right: 0; left: 0;">
						</video-js>

						<script src="https://players.brightcove.net/1571595826001/962b8774-5f97-47fd-81a6-837da7aecf49_default/index.min.js"></script> 					</div>
				</div>
						
		
<p>SARB said it will announce details on the repayment of retail deposits on Monday 9 July at 2pm.</p>
<p>In a statement the central bank said: “On 11 March 2018, the SARB announced that all retail deposits up to the amount of R50 000 per depositor will be guaranteed. With concurrence of the Minister of Finance, the guarantee has been increased to R100 000 per retail depositor, in line with the proposals in the discussion paper on the deposit insurance scheme published in May 2017”.</p>
<p><iframe loading="lazy" src="https://www.youtube.com/embed/yIFc9RWAzvI" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>It added that the curator &#8211; SizweNtsalubaGobodo &#8211; will continue to collect loans due to VBS Mutual Bank and appealed to individuals and entities with loans at the bank to continue to make payments on them.</p>
<p>It also asked retail depositors to remain patient as SARB continues to prioritise their best interests.</p>
<p><iframe loading="lazy" src="https://www.youtube.com/embed/fGgd8ErSOKI" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>

South African Reserve Bank clarifies its position on retail depositors at VBS

<p><em>*Update with comment from the NCR </em></p>
<p>The South African Reserve Bank (SARB) confirmed in an emailed statement to CNBC Africa that it has referred Capitec to the National Credit Regulator (NCR) over allegations by short-sellers Viceroy of continued use by the bank of multi loan products as it falls outside the central bank&#8217;s ambit. Capitec saw its share price tumble almost 4 per cent to close at R853 following the news.</p>
<p><a href="http://cnbc.africa/category/insights/capitec/">Capitec</a> came under fire earlier this year by Viceroy, which alleged “Capitec is a loan shark with massively understated defaults masquerading as a community microfinance provider”. It called on SARB and the minister of finance to immediately place the bank under curatorship. The report sent the bank’s share price plunging but <a href="http://cnbc.africa/category/insights/capitec/">Capitec has since gone out of its way to rebuff these allegations</a>.</p>
<p>In SARB’s statement sent to CNBC Africa it said <em>“In its update to Parliament on 30 May 2018, the South African Reserve Bank (SARB) reported that there are three main allegations in the Viceroy report. The first two allegations deal with scheduled loans and the provisioning models, both of which are prudential matters, while the third issue deals with the continued use of multi loan products. This third issue is a market conduct issue and falls within the responsibilities of the National Credit Regulator (NCR). The SARB met with the NCR and requested that the regulator take the matter forward.</em></p>
<p><em>“Based on the data available to the SARB, Capitec has adequate capital and adequate liquidity. The bank’s capital adequacy ratio of 34% and its liquidity coverage ratio was well over 1 000% compared with the required 100%. In addition, the SARB did not find any indication that rescheduled loans at Capitec were used to hide non-payment and boost new lending. The bank meets all prudential requirements.</em></p>
<p><em>“Regulators of financial institutions have the responsibility to investigate various aspects of the activities of these institutions to ensure proper risk management and sound practices are in place”.</em></p>
<p>The NCR declined to comment on the matter.</p>
<p>In response to an email from CNBC Africa about SARB’s referral of Capitec to the NCR it said it<em> “is unaware of any investigations currently underway against it instructed by SARB as stated in the Bloomberg article. However, we operate in a robust financial services environment where regulators have the mandate and responsibility to carry out various investigations from time to time to maintain a sound financial services industry. Capitec Bank is committed to transparency and is always fully compliant with regulators in such instances.”</em></p>
<p>Viceroy had a field day over reports of an investigation:</p>
<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en">Capitec&#8217;s implied assertion that it is privy to the <a href="https://twitter.com/SAReserveBank?ref_src=twsrc%5Etfw">@SAReserveBank</a>&#8216;s communications &amp; regulator investigations is more concerning than its branding of <a href="https://twitter.com/business?ref_src=twsrc%5Etfw">@business</a> as &#8220;fake news&#8221;<a href="https://twitter.com/AntonySguazzin?ref_src=twsrc%5Etfw">@AntonySguazzin</a> <a href="https://twitter.com/rox_henderson?ref_src=twsrc%5Etfw">@rox_henderson</a> <a href="https://twitter.com/VernonWessels?ref_src=twsrc%5Etfw">@VernonWessels</a> <a href="https://t.co/y88ENa3V3T">https://t.co/y88ENa3V3T</a></p>
<p>— Viceroy (@viceroyresearch) <a href="https://twitter.com/viceroyresearch/status/1014090386032111617?ref_src=twsrc%5Etfw">July 3, 2018</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>&nbsp;</p>
<p>&nbsp;</p>


South African Reserve Bank confirms it has referred Capitec to the credit regulator for investigation

<p>South Africa’s central bank expects a hike in value added tax (VAT) to lift inflation by around 0.6 percentage points over the coming year though it doesn’t expect to raise interest rates in response, one of its top policymakers said on Tuesday.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-116712 size-full" src="http://cnbc.africa/wp-content/uploads/2017/04/Rand-Wikipedia.jpg" alt="" width="800" height="639" /></p>
<p class="">With inflation targeting, you try and look through exogenous shocks, particularly temporary ones and this is a one off,” Brian Kahn told Reuters on the sidelines of investor meetings in London.</p>
<p class="">“There may be a few second round effects, it may affect wage increases in the following years, so we expect a moderate, very small increase in the following year as a result of that.”</p>
<p class="">“But it is something that we would not react to by raising rates and we would certainly try and look through it.”</p>
<div class="container_28wm1">
<div class="attribution_o4ojT">
<p class="content_27_rw">Reporting by Karin Strohecker, editing by Marc Jones</p>
</div>
</div>


South Africa’s VAT rise won’t lead to higher interest rates – c.bank

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5749821590001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Mzansi Business Forum has stated it’s disappointed of the steps taken by the South African Reserve Bank to put VBS Mutual Bank under curatorship.</p>


VBS Mutual Bank curatorship could have been handled differently – Mzansi Business Forum

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5749674921001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>VBS Mutual Bank that deals with a string of municipalities is heading into curatorship at the behest of the South African Reserve Bank.</p>


SA’s VBS Mutual Bank placed under curatorship

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5749673415001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Professor Jannie Rossouw, Head of School of Economic and Business Sciences joins CNBC Africa to discuss technicalities of mutual bank, the commercial and just how big of an impact the curatorship will have on customers and investors.</p>


VBS Bank took deposits in contravention of the law

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5737697916001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p> The South African Reserve Bank recently established a Fintech programme to assess the emergence of technological innovations in the financial sector. There are various regulatory implications to consider with new and upcoming innovations. Kerri Crawford, Senior Associate at Norton Rose Fulbright joins CNBC Africa for more. </p>


Why SARB regulating cryptocurrencies is positive

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5732946417001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The South African Reserve Bank recently established the Financial Technology Programme and one of the main objectives is to look into its position on cryptocurrencies to develop an appropriate policy framework and regulatory regime.</p>


SARB joins global choir looking to regulate cryptocurrencies

<p>South Africa’s net foreign reserves rose to $43.588 billion in January from $42.927 billion in December, the Reserve Bank said on Wednesday.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-42468 size-full" src="http://cnbc.africa/wp-content/uploads/2017/02/gold_wikipedia.jpg" alt="South Africa's net reserves rise to $41.175 bln in March" width="800" height="490" /></p>
<p>Gross reserves, however, fell to $50.501 billion from $50.722 billion, the central bank data showed.</p>
<p>The forward position, which represents the central bank’s unsettled or swap transactions, increased to $2.024 billion from $1.196 billion.</p>
<div class="Attribution_attribution_o4ojT">
<p class="Attribution_content_27_rw">Reporting by Mfuneko Toyana; Editing by Gopakumar Warrier</p>
</div>


South Africa’s net foreign reserves rise to $43.6BN in January

<p><em>By South African Reserve Bank and Reuters</em></p>
<p>South Africa’s central bank said on Tuesday Capitec Holdings was “solvent, well capitalised and has adequate liquidity” in response to a research note by Viceroy Research suggesting the lender overstates financial assets and income.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-19314 size-full" src="http://cnbc.africa/wp-content/uploads/2017/01/capitec_bank_from_capitecbank.co_.za_final.jpg" alt="Capitec rides tough lending climate" width="525" height="350" /></p>
<p>The South African Reserve Bank (SARB) notes a report by a US based fund manager. As part of our mandate, we monitor the safety and soundness of all banks, including Capitec Bank Limited (Capitec). According to all the information available, Capitec is solvent, well capitalised and has adequate liquidity. The bank meets all prudential requirements.</p>


South African Reserve Bank Responds to Viceroy Report on Capitec Bank

<p>(DAVOS) The man likely to be the next president of South Africa took a few significant steps on the path to power in the snows of Davos, Switzerland. He spent a few hours on&nbsp; a charm&nbsp;offensive at a dinner in Davos with some of the biggest names in business in South Africa: Stephen Koseff of Investec;&nbsp;Peter Matlare of Barclays Africa;&nbsp;medical supplies millionaire&nbsp;Stanley Bergman; Precious Motsepe; Jacko Maree; Maria&nbsp;Ramos and South African Reserve Bank Governor Lesetja Kganyago and Johannesburg Stock Exchange head Nicky Newton-King.</p>
<p><a href="http://cnbc.africa/category/insights/world-economic-forum/wef-davos-2018/">FOR MORE STORIES ON WEF DAVOS 2018 CLICK HERE</a></p>
<p>It was golden&nbsp;row of business names sat along the table and Ramaphosa walked it, with microphone in hand, smiling his bright smile and cracking jokes. He told them his dream in life&nbsp;was to be a&nbsp;film director and chided Kganyago as hebfor not &nbsp;Lestja for getting a top job at the Interantional Monetary Fund steering committee without wearing a tie to any of the meetings.</p>
<p><iframe loading="lazy" src="https://www.youtube.com/embed/7R4oxi3aqqc" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>&#8220;Ï don&#8217;t know whether he is trying to&nbsp;assert his rural roots in Limpopo or what,&#8221;&nbsp; smiled Cyril to laughter from the dinner party.</p>
<p>It is this light touch that could win Ramaphosa friends among the small group of people&nbsp;who control South Africa&#8217;s capital and appeared to be doing so. If Ramaphosa is to take a serious tilt at fixing South Africa&#8217;s spluttering economy he must have the support of the&nbsp;business world.</p>
<p>Friendly and avuncular Ramaphosa swapped seats along the long table so he could&nbsp;talk to everyone. It was more like a South African wedding than a formal dinner in Davos.</p>
<p>The talk among the table among the rich and powerful was that Ramaphosa was doing and saying all the right things especially when it came to stamping out corruption..</p>
<p>That was the starter &#8211; over to Ramaphosa for the main course.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8211;</p>


ANC’s President Cyril Ramaphosa strikes out on the path to power

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5718219578001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Governor of the South African Reserve Bank Lesetja Kganyago speaks to CNBC Africa’s Bronwyn Nieslsen at WEF 2018 about perceptions on the ground with regards to South Africa.</p>


Investors want to open their wallets to SA – SARB Governor Kganyago

<p><em>Jannie Rossouw, University of the Witwatersrand</em></p>
<p><em>South Africa’s governing party, the African National Congress (ANC), recently adopted a resolution to nationalise the country’s central bank. The move comes on the back of calls for government to rein in the South African Reserve Bank, causing concerns that the bank’s independence will be lost. Sibonelo Radebe asked Jannie Rossouw to consider what’s at stake.</em></p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-42706 size-full" src="http://cnbc.africa/wp-content/uploads/2017/02/sarb-photographa_jpg.jpg" alt="" width="600" height="350" /></p>
<p><strong>What do you make of the ANC’s resolution?</strong></p>
<p>The ANC’s thinking around this resolution is a bit ambiguous and confusing. The resolution itself and subsequent comments by the new ANC President, Cyril Ramaphosa, say that the resolution should not affect the independence of the bank.</p>
<p>While upholding the resolution to nationalise, Ramaphosa added this qualification:</p>
<p><strong><em>&#8220;The Reserve Bank plays a critical role in the life of any nation with regard to monetary policy and safeguarding and promoting the value of its currency. The ANC once more reaffirms the role, mandate and independence of the Reserve Bank.&#8221;</em></strong></p>
<div id="attachment_120551" style="width: 706px" class="wp-caption alignleft"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-120551" class="wp-image-120551 size-large" src="http://cnbc.africa/wp-content/uploads/2017/04/Cyril-Ramaphosa-GovZA-1024x727.jpg" alt="" width="696" height="494" /><p id="caption-attachment-120551" class="wp-caption-text">Photo: Government ZA</p></div>
<p>He clearly wants to protect the central bank from political interference. This should be welcomed because political interference would have an impact on the constitutional mandate of the central bank.</p>
<p>But those pushing for nationalisation are against it remaining independent from political interference. They want its independence curtailed. This view is aired by those on the left in the ANC, such as the Congress of South African Trade Unions and the South African Communist Party. They believe that the Reserve Bank is misguided on focusing on keeping inflation under control and that this compromises economic growth. Prominent ANC leaders have also backed this view.</p>
<p>On its own, a change of the bank’s ownership from private shareholders to the South African government wouldn’t affect the constitutional mandate of the central bank. Government ownership doesn’t automatically imply government control. This is evident in countries like the UK, Sweden and Denmark, where government ownership of central banks doesn’t affect their unwavering commitment to keep inflation under control.</p>
<p><strong>How does this resolution fit into global trends?</strong></p>
<p>Nationalisation would align the South African Reserve Bank’s ownership structure with the majority of central banks across the world. Other than in South Africa, central banks with private shareholders can be found in seven other countries. These are Belgium, Greece, Italy, Japan, San Marino, Switzerland and Turkey.</p>
<p>The number of central banks with private shareholders have declined over the years since the nationalisation of the Reserve Bank of Zealand. Many more countries followed. The most recent was the National Bank of Austria in 2010.</p>
<p><strong>What influence and benefits do the shareholders of the bank have?</strong></p>
<p>The South African Reserve Bank has 2 million issued shares, held by the general public, which includes individuals and juristic persons. No group of shareholders (referred to as associates) can hold more than 10 000 shares. This ensures that no shareholder can exercise undue influence over the activities of the bank.</p>
<p>Shareholders in the Reserve Bank have very limited powers. And being a shareholder isn’t very lucrative. They are entitled by law to annual dividends not exceeding 10c per share per annum, which amounts to 8c per share after tax.</p>
<p>Shareholders also have the right to attend the bank’s ordinary annual general meeting where they are able to approve the appointment of the external auditors of the bank and set their remuneration. They also elect six of the 13 board members. The other board members, including the Governor and the deputy governors, are appointed by the president of the country.</p>
<p>The board plays an oversight role on the governance of the bank – including being responsible for the bank’s annual financial statements. But its mandate does not extend to monetary policy decisions.</p>
<p>This structure of general meetings adds an additional layer of transparency to the activities of the central bank and improves its accountability. At general meetings (which are also attended by journalists), the Governor answers questions on the bank’s activities and on its financial performance. The whole process adds to the transparency and general understanding of the role and activities of the central bank.</p>
<p><strong>What needs to happen to give effect to the ANC resolution?</strong></p>
<p>The nationalisation of the bank will require an amendment to the South African Reserve Bank Act which stipulates the private shareholding. Amendments require a simple majority in parliament.</p>
<p>Nationalisation could therefore happen as soon as legislation is prepared and a bill is passed in parliament.</p>
<p>But the process could become far more complex if nationalisation trampled on some international interests that are anchored in international treaties. At the moment it’s not clear whether or not this is the case.</p>
<p>The other challenge might be around determining the buyout value of the bank’s shares. This is because the South African Reserve Bank Act makes provision for the liquidation of the central bank, but not for its nationalisation.</p>
<p>In the event of liquidation, the legislation prescribes that shareholders should be reimbursed for their shares in terms of a formula based on the trading value of these shares. The shares are traded on an over the counter share trading platform. The last traded price per share was R9,60.</p>
<p>A different approach could be to use the share price confirmed by the High Court in dealing with delinquent shareholders. The central bank had to approach the High Court to deal with shareholders who failed to adhere to legal prescriptions in respect of maximum of 10 000 shares held by associated shareholders. In this instance the High Court confirmed a price of R1,55 per share which was calculated by consultant firm KPMG on behalf of the central bank.</p>
<p><img loading="lazy" decoding="async" src="https://counter.theconversation.com/content/90031/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" />These two examples highlight the fact that valuation won’t be a simple matter. Adding to the complexity is the fact that parliament could decide on a completely different value of the shares.</p>
<p>This article was originally published on The Conversation.</p>


South African Reserve Bank

Lagarde clears the air on IMF’s South Africa bailout

SARB defends its role in VBS collapse

Ndileka Mandela on the new Nelson Mandela notes

SARB’s Kuben Naidoo on how to prevent another VBS

South African Reserve Bank clarifies its position on retail depositors at VBS

South African Reserve Bank confirms it has referred Capitec to the credit regulator for investigation

South Africa’s VAT rise won’t lead to higher interest rates – c.bank

VBS Mutual Bank curatorship could have been handled differently – Mzansi Business Forum

SA’s VBS Mutual Bank placed under curatorship

VBS Bank took deposits in contravention of the law

Why SARB regulating cryptocurrencies is positive

SARB joins global choir looking to regulate cryptocurrencies

South Africa’s net foreign reserves rise to $43.6BN in January

South African Reserve Bank Responds to Viceroy Report on Capitec Bank

ANC’s President Cyril Ramaphosa strikes out on the path to power

Investors want to open their wallets to SA – SARB Governor Kganyago

Nationalising South Africa’s central bank isn’t bad per se: just what’s done with it

News Tips

Advertise With Us

South African Reserve Bank

Lagarde clears the air on IMF’s South Africa bailout

SARB defends its role in VBS collapse

Ndileka Mandela on the new Nelson Mandela notes

SARB’s Kuben Naidoo on how to prevent another VBS

South African Reserve Bank clarifies its position on retail depositors at VBS

South African Reserve Bank confirms it has referred Capitec to the credit regulator for investigation

South Africa’s VAT rise won’t lead to higher interest rates – c.bank

VBS Mutual Bank curatorship could have been handled differently – Mzansi Business Forum

SA’s VBS Mutual Bank placed under curatorship

VBS Bank took deposits in contravention of the law

Why SARB regulating cryptocurrencies is positive

SARB joins global choir looking to regulate cryptocurrencies

South Africa’s net foreign reserves rise to $43.6BN in January

South African Reserve Bank Responds to Viceroy Report on Capitec Bank

ANC’s President Cyril Ramaphosa strikes out on the path to power

Investors want to open their wallets to SA – SARB Governor Kganyago

Nationalising South Africa’s central bank isn’t bad per se: just what’s done with it

News Tips

Advertise With Us

Newsletters