<p>South Africa’s central bank kept its benchmark repo rate unchanged at 6.75 percent on Thursday, saying that risks to the inflation forecast were still assessed to be on the upside.</p>
<div id="attachment_43256" style="width: 510px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-43256" class="wp-image-43256 size-full" src="http://cnbc.africa/wp-content/uploads/2017/02/governor_lesetja_kganyago_-_flickr.jpg" alt="" width="500" height="333" /><p id="caption-attachment-43256" class="wp-caption-text">Photo: Flickr.</p></div>
<p>The majority of analysts polled by Reuters last week had predicted the repo rate would stay on hold.</p>
<p>Central bank governor Lesetja Kganyago told a news conference that five members of the monetary policy committee had voted to hold rates and one member had voted for a 25 basis point cut.</p>
<div class="Attribution_attribution_o4ojT">
<p class="Attribution_content_27_rw">Reporting by Mfuneko Toyana and Nqobile Dludla; Writing by Alexander Winning; Editing by Toby Chopra</p>
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South African central bank holds repo rate at 6.75%

<p><em>By: FNB</em></p>
<p>Following the South African Reserve Bank’s decision earlier today to keep interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10,25% and will review its position after the next SARB MPC meeting in March.</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>FNB CEO Jacques Celliers says, “After a positive but sluggish performance by the SA economy in 2017, we start the new year with the possibility of a sustained recovery from current levels. However, we should not underestimate the work required to rebuild our economy after years of low growth. Uplifting ourselves from this position will require a sustained effort across the public and private sectors.”</p>
<p>“January is an ideal time for consumers to take concrete steps towards greater financial security in 2018. A good starting point is to make a firm commitment to savings and investments to achieve goals such as buying a house or saving for retirement,” says Mr Celliers.</p>
<p>Mr Celliers continued to urge consumers to act with care and to ensure their budgets are able to accommodate possible increases in taxes and electricity.</p>
<p>Mamello Matikinca, FNB Chief Economist says, “In line with our expectations, the SARB MPC opted to keep the repo rate unchanged at 6.75% at its January 18<sup>th</sup> meeting. Despite inflation being well contained and a meaningfully stronger currency, the Reserve Bank remains concerned about the risks to the inflation outlook. These risks stem from a rising oil price, the National Budget in February and the possibility of a Moody’s downgrade in March. Such a downgrade would precipitate capital outflows and a weakening currency; we believe the SARB will wait until event risk subsides before pronouncing on any rate moves. Should event risk dissipate, we see scope for a rate cut this year.”</p>


Risks inhibit cut as SARB leaves rates unchanged – FNB

<p>By South African Reserve Bank</p>
<p>The South African Reserve Bank (SARB) is of the view that the process of c<a href="http://cnbc.africa/insights/anc-elective-conference/2017/12/20/anc-resolutions/">hanging the ownership structure of the SARB</a> at this point in time could raise the level of risk and uncertainty for the country in both a financial and economic policy sense. This heightened exposure to risk is unwarranted given the country&#8217;s fragile economic situation. </p>
<p>The SARB functions in the public interest; private shareholders have no influence whatsoever on monetary policy, financial stability, or banking regulation. Policy making and execution is the preserve of the Governor and the Deputy Governors, who are appointed by the President. The rights of the private shareholders are highly circumscribed. A shareholder, and his or her associates, cannot hold more than 10 000 shares out of the total of 2 million shares in issue. According to the SARB Act, shareholders receive a fixed annual dividend of 10c per share, making the total dividend payout each year R200 000. </p>
<p>Nationalising the SARB would also be expensive as its shares currently trade for much less than the price at which some existing shareholders are willing to sell their shares. The &#8220;buying-out&#8221; of existing shareholders will therefore result in paying large sums of money to effect cosmetic changes that will have no bearing on the manner in which the SARB carries out its mandate or executes its policy responsibilities.</p>
<p>Latest information about: the list of shareholders, trade in shares as well as general information about SARB shares can be accessed <a href="https://www.resbank.co.za/AboutUs/Shareholding/Pages/Shareholding-Home.aspx">here</a>.</p>


South African Reserve Bank cautions against nationalisation

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<p>JOHANNESBURG (Reuters &amp; CNBC Africa) &#8211; South Africa’s ruling African National Congress has adopted a resolution calling for the nationalisation of the central bank and land expropriation without compensation, a senior party official said on Wednesday. The rand barely moved on the news hovering at 12.72 to the dollar.</p>
<p><a href="http://cnbc.africa/category/insights/anc-elective-conference/">For More on #ANC54</a></p>
<p>Following a meeting of party delegates, the head of the ANC’s economic transformation committee Enoch Godongwana told reporters the ownership of the South African Reserve Bank would not affect the regulator’s independence.</p>
		
				
		
<p>He said the party had also agreed to initiate amendments of the constitution to achieve land expropriation without compensation, but gave no timeline. He said there would be no illegal occupation of land.</p>
<p>He also said the discussion around land:</p>
<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en">The land issue almost collapsed <a href="https://twitter.com/hashtag/ANC54?src=hash&amp;ref_src=twsrc%5Etfw">#ANC54</a> &#8211; Enoch Godongwana (what will it do to the rand?)</p>
<p>— CNBC Africa (@cnbcafrica) <a href="https://twitter.com/cnbcafrica/status/943556153488920577?ref_src=twsrc%5Etfw">December 20, 2017</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
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<p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/ANC54?src=hash&amp;ref_src=twsrc%5Etfw">#ANC54</a> What ever policy we pursue on land it must not impact on financial institutions &#8211; Enoch Godongwana</p>
<p>— CNBC Africa (@cnbcafrica) <a href="https://twitter.com/cnbcafrica/status/943558921364664320?ref_src=twsrc%5Etfw">December 20, 2017</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Comment to the proposals were mixed on social media:</p>
<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en"><a href="https://twitter.com/MYANC?ref_src=twsrc%5Etfw">@MYANC</a> just assured itself of <a href="https://twitter.com/EFFSouthAfrica?ref_src=twsrc%5Etfw">@EFFSouthAfrica</a> support on this issue and most likely a coalition partner to fully implement this policy both at parliament and govt level</p>
<p>— peter moyo (@petermoyo6) <a href="https://twitter.com/petermoyo6/status/943562337822396416?ref_src=twsrc%5Etfw">December 20, 2017</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en">EFF gave you a chance in parly to be &#8216;radical&#8217; about it, but no you voted with DA. It shouldn&#8217;t be a big deal moss now?</p>
<p>— Shaun Manzi (@shaunmanzi) <a href="https://twitter.com/shaunmanzi/status/943559530436288512?ref_src=twsrc%5Etfw">December 20, 2017</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
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<p dir="ltr" lang="en">Have we not learned anything from the Zimbabwe situation on land expropriation without compensation?</p>
<p>— KING B (@Hroda) <a href="https://twitter.com/Hroda/status/943558620582744065?ref_src=twsrc%5Etfw">December 20, 2017</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
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<p lang="en" dir="ltr">Though I fundamentally agree with free education and ambitions land reform, the ANC is playing with fire if it thinks it can just make these promises without delivering. These aren’t issues to play political games with. <a href="https://twitter.com/hashtag/ANC54?src=hash&amp;ref_src=twsrc%5Etfw">#ANC54</a></p>
<p>&mdash; Sizwe Mpofu-Walsh (@SizweMpofuWalsh) <a href="https://twitter.com/SizweMpofuWalsh/status/943572697677729792?ref_src=twsrc%5Etfw">December 20, 2017</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<div> Reporting by Alexander Winning and Ed Stoddard; Writing by James Macharia; Editing by Andrew Roche</div>
<div class="StandardArticleBody_trustBadgeContainer_1gqgJ"><span class="StandardArticleBody_trustBadgeTitle_7sKLj">Our Standards:</span><span class="trustBadgeUrl"><a href="http://thomsonreuters.com/en/about-us/trust-principles.html">The Thomson Reuters Trust Principles.</a></span></div>
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ANC adopts resolutions to expropriate land without compensation, nationalise central bank

<p>South Africa’s current account deficit narrowed slightly to 2.3 percent of GDP in the third quarter and foreign direct investment in Africa’s most industrialised economy grew, as did the trade surplus, the central bank said on Thursday.</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 data-reactid="40">After contracting in the last quarter of 2016 and the first of this year, South Africa’s economy has recovered, led by a large expansion in agricultural activity as the effects of the severest regional drought in decades eased with the return of more regular rainfall.</p>
<p>The current account deficit narrowed as an increase in agricultural exports was offset by declines in sales of mining and manufactured goods.</p>
<p data-reactid="43">The economy grew two percent in the third quarter after a 2.8 percent advance in the second, raising hopes the better than expected growth may see the country avoid further downgrades into subinvestment.</p>
<p data-reactid="44">The central bank however still fears the political and policy uncertainty that led to a credit downgrade of Pretoria’s local currency debt to subinvestment by S&amp;P Global Ratings in November will continue to weigh on business and consumer confidence, and therefore growth.</p>
<p data-reactid="45">At its November policy meeting the bank kept rates lending unchanged and hinted an easing cycle that began in July aimed at boosting the economy may be over.</p>
<p data-reactid="46">The bank cited the increased risks of inflation posed by currency weakness, credit downgrades and political jostling ahead of the African National Congress’s leadership conference starting this weekend.</p>
<p data-reactid="47">The trade surplus continued to grow, rising to 71 billion rand ($5.25 billion) from a revised 64 billion rand in the prior quarter, the Reserve Bank said in its quarterly bulletin.</p>
<p data-reactid="48">Foreign direct investment recorded an inflow of 19.2 billion rand in the quarter from an inflow of nearly four billion rand previously. Portfolio flows also climbed, with the amount of non-residents buying shares and bonds worth 88.4 billion rand from 74.7 billion rand.</p>
<p>($1 = 13.5137 rand)</p>
<div class="Attribution_attribution_o4ojT" data-reactid="49">
<p class="Attribution_content_27_rw" data-reactid="50">Reporting by Mfuneko Toyana; editing by John Stonestreet, William Maclean</p>
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South Africa’s current account deficit narrows, FDI and trade surplus climb

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<p>Argentina shared insight with South Africa on its successful strict financial sector reforms it has undertaken in the last three years.</p>


What SA can learn from Argentina’s financial sector reforms

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<p>South Africa’s Reserve Bank governor, Lesetja Kganyago kept interest rates unchanged at 6.75 per cent this is ahead of Moody’s and Standard and Poor&#8217;s rating reviews of South Africa tomorrow.</p>


Explainer: Why prime might go to 11% by 2019

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<p>South Africa’s Reserve Bank governor, Lesetja Kganyago kept interest rates unchanged at 6.75 per cent this is ahead of Moody’s and Standard and Poor&#8217;s rating reviews of South Africa tomorrow.</p>


Why SA deserves a downgrade

<p>South Africa’s central bank kept its benchmark repo rate at 6.75 percent on Thursday, in-line with expectations, citing increased risks to inflation posed by currency weakness, possible credit downgrades and political jostling.</p>
<div id="attachment_43256" style="width: 510px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-43256" class="wp-image-43256 size-full" src="http://cnbc.africa/wp-content/uploads/2017/02/governor_lesetja_kganyago_-_flickr.jpg" alt="" width="500" height="333" /><p id="caption-attachment-43256" class="wp-caption-text">Photo: Flickr.</p></div>
<p data-reactid="40">“The lead-up to the African National Congress national elective conference and its uncertain outcome is also likely to continue to weigh on the currency,” governor Lesetja Kganyago said, referring to the ruling party’s conference in December to elect a successor for President Jacob Zuma as its head.</p>
<p data-reactid="41">Kganyago said weak fiscal forecasts in the national budget announced in October had also reduced scope for rate cuts.</p>
<div class="Attribution_attribution_o4ojT" data-reactid="42">
<p class="Attribution_content_27_rw" data-reactid="43">Reporting by Olivia Kumwenda-Mtambo and Alex Winning; Writing by Mfuneko Toyana; Editing by James Macharia</p>
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South Africa keeps rate at 6.75%, says risks to inflation rising

<p><em>Mamello Matikinca |FNB Chief Economist</em></p>
<p>Following the South African Reserve Bank’s decision earlier today to leave interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10,25% and will review its position after the next SARB Monetary Policy Committee (MPC) meeting in January 2018.</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>Says FNB CEO Jacques Celliers: “While no change was a widely anticipated outcome of this meeting of the MPC, factors that drive price instability have been gathering momentum of late. Certainly, a further ratings downgrade could place upward pressure on interest rates in coming months. Under these conditions, consumers should manage their seasonal spending with a view to 2018. Consumers should also use the last few weeks of the year to review their finances and consider reducing unnecessary debt with bonus payments.”</p>
<p>“As FNB, we are increasingly using our expertise and big data capabilities to help customers with their short-term and long-term financial goals. This includes expanding our Wealth and Investment offering to help our Retail, Wealth and Business clients with their investment needs,” adds Mr Celliers.</p>
<p>Mamello Matikinca, FNB Chief Economist says, “The SARB’s decision to keep rates on hold comes as little surprise given the persistent upside risks to the inflation outlook. While we expect inflation to continue to moderate &#8211; we expect inflation to ease towards the mid-point of the Reserve Bank’s target band by early next year – significant rand weakness could negate this downward trend. Moody’s and S&amp;P are expected to deliver their credit assessments tomorrow (the 24th of November). This follows a disappointing Medium Term Budget Policy Statement which pointed to ongoing fiscal slippage and rising debt. In the absence of a credible plan to rein in government indebtedness, it’s difficult to see how South Africa can avoid a downgrade.”</p>
<p>“The other potential upside risks to the inflation outlook include the gradual ongoing tightening in global liquidity conditions; the threat of increased political turmoil and policy uncertainty in the run-up to, and after, the ANC’s elective conference, the potential for significant electricity price increases and a persistent increase in the oil price. These factors lead us to believe that we are unlikely to see further interest rate cuts; in fact we are likely to see gradual policy normalisation in the second half of 2018,”concludes Matikinca.</p>


SARB wary as risks remain: FNB

<p data-reactid="32">The South African Reserve Bank (SARB) is taking a cautious approach to monetary policy as risks to the inflation outlook are on the upside, deputy governor Daniel Mminele said.</p>
<p data-reactid="41">South Africa’s consumer price inflation stood at 4.8 percent year-on-year in August. Statistics South Africa is due to publish the September print on Wednesday.</p>
<p>Mminele said several factors present upside risks to inflation, including a volatile rand exchange rate, the possibility of a larger electricity tariff increase and higher labour costs.</p>
<p data-reactid="43">“Amid such elevated uncertainties, and despite the subdued nature of domestic demand, it is not clear how much space exists, if at all, for additional policy rate cuts by the (Monetary Policy Committee) in the coming quarters,” Mminele said in a speech posted on the bank’s website on Tuesday.</p>
<p data-reactid="44">“If anything, domestic financial market indicators seem to broadly echo the SARB’s view that the uncertain environment is forcing a cautious approach to policy.”</p>
<p data-reactid="45">The central bank surprised markets in September by leaving the benchmark lending rate unchanged at 6.75 percent following a 25 basis point cut in July, saying inflation expectations anchored towards the top end of the bank’s 3-6 percent target band.</p>
<p data-reactid="46">Mminele said monetary policy decisions “now more than ever”, had to be data-dependent.</p>
<p data-reactid="47">“We prefer not to surprise markets,” he said referring to the September rates decision.</p>
<p>“Yet in a fluid environment, where even small changes in the balance of risks can tip the policy scales one way or another, it is not possible to systematically come up with fully predictable policy decisions.”</p>
<div class="Attribution_attribution_o4ojT" data-reactid="48">
<p class="Attribution_content_27_rw" data-reactid="49">Reporting by Olivia Kumwenda-Mtambo; Editing by Joe Brock and Matthew Mpoke Bigg</p>
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South Africa’s central bank cautious about more rate cuts

<p>South African deputy central bank governor Kuben Naidoo said on Tuesday domestic factors are the main cause of a frail economy and the risk of further credit downgrades is “quite significant”.</p>
<p data-reactid="44">Painting a bleak picture during a monetary policy forum in Cape Town, Naidoo said a downgrade to South Africa’s local currency rating, which could see it fall out of crucial bond indices, could cost $8 to $12 billion in lost investment.</p>
<p>Fitch and S&amp;P Global Ratings both downgraded South Africa’s foreign-currency rating to speculative grade, or junk, following an abrupt cabinet reshuffle in March that saw the respected Pravin Gordhan axed as finance minister by President Jacob Zuma.</p>
<p data-reactid="46">Africa’s most industrialized economy has been hampered by tensions within the ruling African National Congress and policy uncertainty that have sapped investor confidence and thwarted efforts to create jobs and reduce widespread poverty.</p>
<p data-reactid="47">The government says it is striving to boost growth and find policies to boost employment.</p>
<p data-reactid="48">Naidoo also cited the high levels of mistrust between the private and public sectors and South Africa’s powerful unions.</p>
<p data-reactid="49">“We have a very weak economy and that is almost all due to domestic factors,” he said.“Global factors play some role, but those domestic factors include policy uncertainty, significant levels of mistrust between government, business and labour &#8230; and that certainly hobbled growth,” he said.</p>
<p data-reactid="50">Among many spats between the state and private sector, the chamber of mines and the mining ministry are locked in a number of legal disputes over new regulations which industry says will throttle investment.</p>
<p>Naidoo said the economy would likely grow 0.6 or 0.7 percent in 2017 and inflation should remain within the 3 to 6 percent target range for the next two years.</p>
<div class="Attribution_attribution_o4ojT" data-reactid="51">
<p class="Attribution_content_27_rw" data-reactid="52">Writing by Ed Stoddard; Editing James Macharia and Matthew Mpoke Bigg</p>
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South Africa’s economic woes domestic, downgrade risks high: deputy c.bank governor

<p data-reactid="39">South Africa’s central bank said on Friday it has not instructed banks on how to deal with KPMG after the auditing firm was entangled in a scandal involving business friends of President Jacob Zuma.</p>
<p data-reactid="40">“The South African Reserve Bank would like to state categorically that it has not instructed banks on what steps they should, or should not take, with regards to their contracts with KPMG,” the bank said in a statement.</p>
<p data-reactid="41">Sources told Reuters last week that the central bank had told top lenders they cannot fire KPMG because it might undermine financial stability.</p>
<div class="Attribution_attribution_o4ojT" data-reactid="42">
<p class="Attribution_content_27_rw" data-reactid="43">Reporting by Olivia Kumwenda-Mtambo; Editing by James Macharia</p>
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South Africa’s central bank says has not instructed banks on ties with KPMG

<p data-reactid="42">South Africa’s economy is growing much less than it should be and is unlikely to reach 2-percent annual expansion in the short term because of political and policy uncertainty, the central bank said on Wednesday.</p>
<p data-reactid="43">    The Reserve Bank, which in June faced pressure to switch its focus to economic growth from targeting inflation and protecting the currency, said there was little that monetary or fiscal policy could do to arrest a slowdown.</p>
<p data-reactid="44">    In its semi-annual Monetary Policy Review (MPR), the bank warned that any economic recovery would be “feeble” and growth would barely exceed 1.5 percent by 2019, well short of the government’s long-term target of 5 percent.</p>
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<p data-reactid="46">The bank has previously stated that it sees growth this year at 0.6 percent compared with 0.3 percent in 2016.</p>
<p data-reactid="47">The continent’s most industrialised economy contracted in the last quarter of 2016 and the first quarter of 2017 before recording marginal growth in the second quarter.</p>
<p data-reactid="48">    The bank’s forecast models in the MPR show that had investor confidence, along with commodity prices, maintained their long term averages, the economy would have grown by about 2 percent in 2016, rather than the actual growth of 0.3 percent.</p>
<p data-reactid="49">“FAILURE TO ACT”</p>
<p data-reactid="50">    “Confidence indicators have been below longer-term averages since late-2015, when the serving finance minister was unexpectedly dismissed, and are currently about as low as they were during the global financial crisis,” the bank said.</p>
<p data-reactid="51">    President Jacob Zuma changed finance ministers three times in less than a week in 2015. In March this year, Zuma axed the respected Pravin Gordhan as finance minister after less than a year in the job, triggering credit downgrades by all three major agencies.</p>
<p data-reactid="52">    “The historical evidence is clear that investment in South Africa is highly responsive to uncertainty,” the bank said, noting that private sector investment continued to contract.</p>
<p data-reactid="53">Governor Lesetja Kganyago told a news conference later that a lack of action against corruption was weighing on business confidence.</p>
<p data-reactid="54">“Our failure to act on corruption might be giving the wrong signal that we actually do not treat this thing seriously,” Kganyago said.</p>
<p data-reactid="55">    The bank said larger-than-anticipated shortfalls in government revenues raised the probability of deeper credit rating downgrades, and that the risk this posed to the currency and inflation had convinced it to keep lending rates unchanged at 6.75 percent in September following a 25 basis point cut in July.</p>
<p data-reactid="56">    Data released on Friday showed the Treasury recorded a 13 billion rand ($957 million) budget deficit in August following a 92 billion rand shortfall in July.</p>
<p data-reactid="58">The bank expects annual consumer price-growth averaging 5.3 percent in 2017 and 5 percent in 2018, a touch below the upper end of its target range of 3-6 percent.</p>
<p>    “The medium term challenge for monetary policy is to anchor inflation and inflation expectations more firmly within the inflation target,” the bank said.</p>
<p>($1 = 13.5850 rand)</p>
<div class="Attribution_attribution_o4ojT" data-reactid="59">
<p class="Attribution_content_27_rw" data-reactid="60">Editing by James Macharia and Richard Balmforth</p>
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Political and policy uncertainty weigh on South Africa’s economy: SARB

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<p>The Reserve Bank delivered some disappointing news for consumers earlier today‚ when it kept interest rates on hold‚ defying expectations for a cut of 25 basis points.</p>


SARB‘s Lesetja Kganyago responds to the KPMG saga

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<p>The South African reserve bank has decided to keep the repo rate unchanged at 6.75 per cent after today&#8217;s MPC meeting despite analysts having priced in a 25 basis point cut.</p>


SARB keeps repo rate unchanged at 6.75%

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<p>Consumers in SA could have a little more money in their pockets at the end of this week if the South African Reserve Bank cuts interest rate, as expected. Economist Isaah Mhlanga from RMB joins Africa for more.</p>


South African Reserve Bank

South African central bank holds repo rate at 6.75%

Risks inhibit cut as SARB leaves rates unchanged – FNB

South African Reserve Bank cautions against nationalisation

ANC adopts resolutions to expropriate land without compensation, nationalise central bank

South Africa’s current account deficit narrows, FDI and trade surplus climb

What SA can learn from Argentina’s financial sector reforms

Explainer: Why prime might go to 11% by 2019

Why SA deserves a downgrade

South Africa keeps rate at 6.75%, says risks to inflation rising

SARB wary as risks remain: FNB

South Africa’s central bank cautious about more rate cuts

South Africa’s economic woes domestic, downgrade risks high: deputy c.bank governor

South Africa’s central bank says has not instructed banks on ties with KPMG

Political and policy uncertainty weigh on South Africa’s economy: SARB

SARB‘s Lesetja Kganyago responds to the KPMG saga

SARB keeps repo rate unchanged at 6.75%

Good news for SA consumers: Interest rate cuts expected

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South African Reserve Bank

South African central bank holds repo rate at 6.75%

Risks inhibit cut as SARB leaves rates unchanged – FNB

South African Reserve Bank cautions against nationalisation

ANC adopts resolutions to expropriate land without compensation, nationalise central bank

South Africa’s current account deficit narrows, FDI and trade surplus climb

What SA can learn from Argentina’s financial sector reforms

Explainer: Why prime might go to 11% by 2019

Why SA deserves a downgrade

South Africa keeps rate at 6.75%, says risks to inflation rising

SARB wary as risks remain: FNB

South Africa’s central bank cautious about more rate cuts

South Africa’s economic woes domestic, downgrade risks high: deputy c.bank governor

South Africa’s central bank says has not instructed banks on ties with KPMG

Political and policy uncertainty weigh on South Africa’s economy: SARB

SARB‘s Lesetja Kganyago responds to the KPMG saga

SARB keeps repo rate unchanged at 6.75%

Good news for SA consumers: Interest rate cuts expected

News Tips

Advertise With Us

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