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Bank Zero founder Michael Jordaan announced that Lesaka bought their bank for R1.1 billion, pending regulatory approvals.
South African property CEOs have welcomed the recent interest rate cut by the South African Reserve Bank (SARB), but they’re also not convinced this will continue.
South Africa’s central bank plans to expand its examination of climate risk to the insurance industry, as it seeks to anticipate threats that can do far-reaching economic harm.
At 1413 GMT the rand traded at 17.7775 against the dollar , little changed from Thursday's closing level, after gaining in early trade when the South African Reserve Bank reported an increase in ...
JOHANNESBURG, June 2 (Reuters) - The South African rand strengthened against a weaker dollar on Monday, shrugging off a further decline in local manufacturing sentiment and upbeat vehicle sales ...
A rate cut last week by the South African Reserve Bank added impetus to a bond rally that’s seen yields on benchmark government securities falling to the lowest level in more than six months.
South African consumers welcome the recent interest rate cut by the Reserve Bank, but experts warn that rising costs could negate the benefits. This article explores the implications of the rate ...
African Bank is 50% owned by the South African Reserve Bank, with the Government Employees Pension Fund owning 25%.A consortium of five South African banks holds the other 25% on a pro-rata basis: ...
The South African Reserve Bank has lowered interest rates in response to a low inflation rate, but experts warn that rising taxes could still burden households. This article explores the ...
The past 12 months have brought continued relief for South African motorists, with a total of R2.90 per litre in petrol price cuts since June 2024.
In my 12 years on the South African Reserve Bank’s Monetary Policy Committee (MPC) I have spent more time trying to gauge the impact of supply shocks, and communicating how we distinguish between ...