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If the South African Reserve Bank Amendment Bill is passed in parliament, there will be no more checks and balances.
South African Reserve Bank data earlier showed the country's money supply growth last month was at 6.86%, up from 6.12% in April. Credit growth for May came in at 4.98%, from 4.60% the previous month.
Parliament is set to hold public hearings on the South African Reserve Bank Amendment Bill, which aims to nationalise the central bank and make the State its sole shareholder.
Lesaka Technologies has announced the acquisition of Bank Zero for R1.1 billion, which it said will help it become a fully integrated fintech powerhouse in South Africa.
The South African rand was stable in early trade on Tuesday, before the release of a purchasing managers' index (PMI) survey for the local manufacturing sector and vehicle sales data.
The South African Reserve Bank (SARB) is seeing increasing adoption of crypto-currencies and artificial intelligence (AI) in the country’s payments landscape.
Break-even rates, a gauge of bond investors’ expectations of average inflation, are projecting price increases will stay within the central bank’s 3% to 6% target range for the next two decades.
The South African Reserve Bank sees growing uptake of crypto-currencies and artificial intelligence within the country’s payments ecosystem.
A South African Reserve Bank (SARB) and National Treasury team will soon present recommendations to both the SARB governor and the finance minister over the nation’s inflation target.
The South African Reserve Bank (SARB) has made it clear that it's intent on lowering our inflation target, as inflation softens. The unrevised target band sits at at 3-6%.
The South African Reserve Bank seeks tech solutions to help central banks and financial sector regulators to solve policy problems.