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South Africans’ heavy reliance on cash, instead of using advanced digital payment rails, costs the economy more than R30-billion/year.
South Africa's central bank struck a measured tone after its first rate cut in more than four years on Thursday, saying although inflation had fallen faster than expected there were still risks to ...
South Africa is strapped for cash and the country’s central bank has a stern warning for the ruling African National Congress: You can’t spend your way out of trouble.
The South African Reserve Bank on Thursday raised its main repo rate to 8.25% from 7.75% in an effort to keep inflation in ... The bank now expects Africa’s most-developed economy to grow ...
South Africa’s central bank has warned of dire consequences should the country face censure due to its stance on Russia’s invasion of Ukraine At worst, secondary or indirect sanctions could be ...
South Africa has signed a $1.5 billion loan agreement with the World Bank, aiming to overhaul its transport and energy infrastructure and reignite economic growth, the National Treasury said on ...
CAPE TOWN, South Africa (AP) — The African Development Bank said Thursday it had approved a $1 billion loan to South Africa's state-owned rail and ports company, Transnet. The 25-year loan was ...
The South African Reserve Bank held its main repo rate at 7.5% on Thursday, as tensions with the U.S. continue to rise amid escalating global uncertainty.
The World Bank Board supports the Government of South Africa’s efforts to promote long-term energy security and a low carbon transition with a $1 billion Development Policy Loan (DPL). The loan ...
Sources: The Institute for Security Studies (South Africa); the World Bank (other countries, 2021 figures) Although the murder rate is lower than it was in 1994, it has climbed steadily since 2012.