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From our favorite cities to see live music to our go-to noise-canceling headphones to take on a flight, we pick the year’s best getaways, gear, and services ...
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 ...
South African consumers cheered as the South African Reserve Bank (Sarb) cut the interest rate this past week, however, a wider view shows that the relief could be undone by other costs increasing.
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.
What’s going on here? In a bold maneuver to control inflation and foster growth, the South African Reserve Bank (SARB) shifted its monetary policy strategy, impressing traders and keeping the rand's ...
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 ...
Reserve Bank Cuts Interest Rates By 25 Points – The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) has voted to cut the country’s interest rates by 25 basis points. [businesstech] ...
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.