South African Reserve Bank
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South African Reserve Bank warns of prolonged higher global borrowing costs amid rising uncertainty
South African Reserve Bank warns of prolonged higher global borrowing costs amid rising uncertainty! South Africa’s central bank has warned…
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SARS: Two-pot retirement withdrawals surpassed R21bn in less than 2 months
The two-pot retirement frenzy continues as withdrawals surpass the R21 billion mark in less than two months. The system took…
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EFF pays tribute to Tito Mboweni, says he opened himself to scrutiny
The Economic Freedom Fighters (EFF) has hailed the late Finance Minister Tito Mboweni as a key architect behind South Africa’s…
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With repo rate unchanged at 8.25%, economists predict cut in late this year
The move to keep the repo rate unchanged at 8.25% comes as no surprise, as economists have predicted a cut…
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COSATU & SAFTU disappointed with MPC’s decision to keep repo rate unchanged
Some trade union federations say they’re disappointed that the South African Reserve Bank has kept the repo rate unchanged at…
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Ramaphosa warns South Africa not load shedding free yet
President Cyril Ramaphosa has warned that the possibility of load shedding cannot be ruled out. Ramaphosa made the remarks in…
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President Ramaphosa extends SA Reserve Bank Governor Lesetja Kganyago’s term for another 5 years
Lesetja Kganyago will stay on for another five-year term as South African Reserve Bank governor when his current term ends…
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SARB: Rand manipulation probe in the hands of Competition Commission
The South African Reserve Bank says it refuses to meddle in the Competition Commission’s probe into claims of rand manipulation.…
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Revoke guilty banks licences, prosecute directors & seize their assets, says EFF on Rand manipulation
The Economic Freedom Fighters (EFF) has called for tougher sanctions against banking institutions that played a role in a collusion…
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Two men accused of breaking into Ramaphosa’s Phala Phala farm to appear in court
Two men accused of breaking into President Cyril Ramaphosa’s Phala Phala farm are expected to appear at the Bela Bela…
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Ramaphosa speaks on high cost of living in SA – We hope this too shall pass
President Cyril Ramaphosa told the National Assembly that he hopes and trusts that the standards of living for South Africans…
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Presidency: Nothing secret about meeting between Cyril Ramaphosa & Treasury
The Presidency says reports of a secret meeting between President Cyril Ramaphosa and the Treasury are sensational and false. This…
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Reserve Bank likely to be grilled on Phala Phala probe in Parliament
The South African Reserve Bank and Prudential Authority are due to update Parliament on their annual reports on Wednesday. The…
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ActionSA smells a rat after Sarb report vindicates Ramaphosa over Phala Phala saga
The Presidency has noted the conclusion of South African Reserve Bank Phala Phala’s investigation. The central bank has cleared President…
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Repo rate remains unchanged
The South African Reserve Bank has decided to keep the repo rate unchanged at 8.25-percent. This means that the prime…
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Saftu: Latest GDP figure not worth celebrating
The South African Federation of Trade Unions (Saftu) said it didn’t believe it was worth celebrating the country’s new gross…
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Reserve Bank expected to increase repo rate
The South African Reserve Bank (SARB) is expected the increase once again the repo rate when it makes the announcement…
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SARB unveils new looks for local currency
South Africans will see a change to their currency, with some banknotes and coins receiving a new look. The South…
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Reserve Bank hikes repo rate by 50 basis points
The South African Reserve Bank has increased the repo rate by 50 basis points to 7.75 percent. This now brings…
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Expect another interest rate hike next week
Following an uptick in headline inflation, economists at Nedbank say this has sealed the deal on another interest rate hike…
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Cosatu warns recent repo rate will result in small business closures & job losses
The Congress of South African Trade Unions (Cosatu) on Friday warned of largescale job losses as small businesses face foreclosure…
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Sarb: Still room to raise interest rates
The South African Reserve Bank says there is still some room to raise the interest rates ahead of this month’s…
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No bias against me in Phala Phala probes, says Cyril Ramaphosa
President Cyril Ramaphosa said that he was impressed by the way in which authorities had been handling the multiple investigations…
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Nkosazana Dlamini-Zuma to challenge Cyril Ramaphosa for position of ANC leader
Co-operative governance minister Nkosazana Dlamini-Zuma has reportedly confirmed she will challenge President Cyril Ramaphosa for the position of ANC leader…
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Saftu wants government to avail R1 trillion to meet its demands ahead of strike
Trade union federation Saftu wants the government to avail a trillion rand to meet the demands it has made ahead…
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MPs told Sarb cooperating on Phala Phala probes but can’t give details
The South African Reserve Bank has told Parliament that it is cooperating and working with law enforcement agencies in the…
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SARB imposes administrative sanctions on Nedbank
The South African Reserve Bank has imposed administrative sanctions on Nedbank for failing to comply with some of the requirements…
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Busisiwe Mkhwebane impeachment inquiry set to resume on Wednesday
The inquiry into Public Protector Busisiwe Mkhwebane’s fitness to hold office will resume in Parliament on Wednesday. This week, the…
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ANC needs to make market-sensitive decisions to avoid rattling investors, says Minister Kubayi
Chairperson of the African National Congress (ANC)’s economic transformation committee Mmamoloko Kubayi said the party needs to review how it…
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SARB should have considered a lower rate increase: Cosatu
The Congress of South African Trade Unions (Cosatu) has condemned the central bank for the 75 basis points rate hike,…
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SARB fails to find buyer for its shareholding in African Bank
The South African Reserve Bank has not found a buyer for its 50-percent shareholding in African Bank. It says interest…
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Reserve Bank expected to hike repo rate
The South African Reserve Bank is likely to hike its repo rate to try slow inflation. Statistics SA will also…
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Fired Absa director Sipho Pityana says bank attacking his right to defend his name
Former Absa board director Sipho Pityana said that the banking group was attacking his constitutional right to defend his name…
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Minister Kubayi: Human settlements bank a few steps away from being a reality
Human Settlements Minister Mmamoloko Kubayi said that the department was just steps away from launching its bank, with legislative processes…
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Reserve Bank keeps repo rate unchanged
The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 3.5% per…
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Reserve Bank expected to keep interest rates on hold
The South African Reserve Bank (SARB) will almost certainly keep interest rates unchanged when its Monetary Policy Committee (MPC) meets…
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Case against 14 accused of VBS corruption postponed to October
The case against 14 suspects accused of corruption in connection with the collapse of VBS Mutual Bank on Monday was…
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Governor Kganyago expects economy to return to pre-COVID levels somewhere in 2023
With the country counting the cost of the looting and the lockdown affecting growth, there are concerns that it will…
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SA Reserve Bank keeps repo rate at 3.5%
The South African Reserve Bank has decided to keep the repo rate unchanged at 3.5%. Governor Lesetja Kganyago made the…
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SARB warns public against accepting inked stained banknotes
The South African Reserve Bank (SARB) is warning the public against accepting banknotes stained with traces of blue and green…
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Tokyo Sexwale lays criminal complaint with Hawks about missing billions
ANC veteran and businessman Tokyo Sexwale is sticking to his guns that billions of donor funds were stolen from the…
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SA Reserve Bank seizes R19.7 million from Gupta-owned Sahara Computers
The South African Reserve Bank has seized R19.669 million from the Nedbank account of Sahara Computers. Sahara Computers was owned…
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Andile Lungisa apologises for racist rant against Sarb governor Kganyago
Convicted criminal and former Nelson Mandela Bay councillor Andile Lungisa has apologized to South African Reserve Bank Governor Lesetja Kganyago…
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SA Reserve Bank keeps interest rates unchanged
The South African Reserve Bank has kept the repo rate unchanged. Some economists expected a further rate cut after the…
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Interest rates to remain unchanged – expert
Economist Jannie Rossouw expects the South African Reserve Bank to keep interest rates unchanged. The Reserve Bank’s Monetary Policy Committee…
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South African Reserve Bank cuts interest rate by 100 basis points
The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has cut the country’s interest rate by another…
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SA Reserve Bank governor announces interest rate decision
The South African Reserve Bank will announce its interest rate decision on Thursday. Its been almost eight-years since the bank…
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Reserve Bank begins selling African Bank shares
The South African Reserve Bank has set the ball rolling in its move to sell its 50 percent stake in…
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DA calls on President Ramaphosa to shut down debate on reserve bank nationalisation
The official opposition says the president is ‘kneeling to populists in his party’ by allowing the debate to take place.…
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SARB impose administrative sanctions on five banks
The South African Reserve Bank has imposed administrative sanctions on five banks. The banks include Standard Bank, GroBank, Ubank, Bank…
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