The South African Reserve Bank (SARB) Governor is announcing a Monetary Policy Committee (MPC) decision about the repo rate.
Investors predict more interest rate cuts by the Reserve Bank following Tuesday’s historic contraction in the country Growth Domestic Product.
The Reserve Bank’s Monetary Policy Committee has decided to cut the interest rate by 25 basis points to 3.5%.
Economists are divided over whether the Reserve Bank will further cut the repo rate or keep it unchanged when it announces its decision this week.
The South African History Archive (SAHA) has described the ruling by the Supreme Court of Appeal (SCA), which ordered the South African Reserve Bank to release certain apartheid-era records, as a victory for democracy.
The Reserve Bank has cut its growth forecasts for South Africa, predicting the economy could shrink by as much as 4% in 2020 due to the coronavirus pandemic, the national 21-day lockdown and the recent downgrades by credit rating agencies.
Pressure is mounting on the South African Reserve Bank to cut interest rates as the impact of the coronavirus chokes economic activity.
Former Reserve Bank Deputy Governor Daniel Mminele has been appointed the new Group Chief Executive Officer of the Absa Group with effect from Wednesday, 15 January 2020.
A digital industrial policy, a revised mandate for the Reserve Bank and a blanket ban on privatisation of State Owned Enterprises , these are just some of the proposals that the South African Communist Party (SACP) will be putting on the table at its Special Congress.
Reserve Bank Governor, Lesetja Kganyago has welcomed the Cyril Ramaphosa government’s efforts to address structural issues in an effort to boost growth.