The account, held by the South African Reserve Bank (SARB), is meant to protect the country against foreign exchange fluctuations. There is currently around R390 billion in the account.

“We’re increasingly seeing fraudsters impersonate respected bodies such as the South African Reserve Bank, SARS or the SAPS,” Khan said. “They claim to be investigating customers for ...

The South African Reserve Bank (SARB) has applied for leave to appeal a recent court ruling which found that cryptocurrency is not money and doesn’t fall within existing exchange control ...

government bonds and stocks strengthened on Thursday after the South African Reserve Bank (SARB) trimmed its main lending rate, citing well-contained inflation. Ghana’s cedi is forecasted to ...

The South African Reserve Bank (SARB) presented detailed modelling of the impact of a 3% inflation target, compared to the 4.5% level it aims for at the midpoint of its current 3% to 6% target range.

South Africa’s central bank was unexpectedly decisive in cutting interest rates on Thursday, with all members of its Monetary Policy Committee backing a cut as they doubled down on their preference ...

after the central bank stressed its strong preference for a lower inflation target at a monetary policy announcement. The South African Reserve Bank (SARB) presented detailed modelling of the impact ...

Sluggish growth prospects and a rise in unemployment have compelled the South African Reserve Bank (SARB) to cut the repo rate by 25 basis points to 7.25% effective today (Friday). In announcing ...

South African Reserve Bank (SARB) Governor Lesetja Kganyago announced the decision during a virtual press conference, saying that five members of the bank's Monetary Policy Committee (MPC ...

The rand advanced on Thursday, buttressed by the central bank stressing its strong preference for a lower inflation target at a monetary policy announcement. The South African Reserve Bank (SARB) ...