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Photo: Kevin Lamarque/Reuters The South African Reserve Bank cut its main repo rate by 25 basis points to 7.25% on Thursday, as tensions with the U.S. continue amid ongoing global uncertainty.
South Africa's central bank believes it has reached a "neutral zone" on interest rates after its latest cut and now needs government reforms to spark stronger economic growth, Reserve Bank ...
The South African Reserve Bank's (SARB) Monetary Policy Committee ... the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
The Reserve Bank is in the process of making significant changes to the country’s payment landscape and is proposing two new ...
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South Africa Today on MSNSouth Africa: Postbank Has Yet to Apply for a Banking LicencePostbank told GroundUp that "becoming a fully-fledged commercially licenced bank is part of Postbank's broader mandate to establish itself into South Africa's state-owned bank", and that it "still ...
PRETORIA, May 29 (Reuters) - Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago at a news conference to announce the central bank's latest interest rate decision.
Over the past six months, three of South Africa’s major banks have been sanctioned by the SARB, resulting in millions of rands in fines.
The FATF made the initial determination that South Africa has substantially completed its action plan and warrants an on-site ...
Since the shocking collapse of VBS in 2018, over 53 individuals have been charged with theft, fraud, corruption, money ...
JOHANNESBURG, May 28 (Reuters) - The South African rand was flat in early trade, as traders held off from big bets before the central bank's interest rate decision on Thursday. At 0645 GMT, the ...
Banks in South Africa are compelled to report large cash transactions, but posts claiming authorities have imposed new, more onerous withdrawal limits that require mandatory flagging are false. The ...
The South African Reserve Bank (SARB) has applied for leave to appeal ... Motha said a comprehensive regulatory framework to address cryptocurrency was long overdue, explaining that the exchange ...
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