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Tag Archives: Reserve Bank

Land Bank default forces central bank into bailout of state investment arm

3 July 2020, 9:56 PM

South Africa’s central bank has issued a 3.45 billion rand ($200 million) guarantee to bail out the Corporation for Public Deposits (CPD), a government investment arm hit by surging defaults at state agricultural lender Land Bank.

SAHA welcomes SCA order against Reserve Bank on apartheid era records

31 May 2020, 4:16 PM

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.

Businesses will benefit from interest rate cut: FNB South Africa’s Regional Director

22 May 2020, 8:40 AM

Businesses and consumers affected by the COVID-19 pandemic will benefit from the latest interest rate cut. Regional Director at FNB South Africa, Andiswa Bata, says that the 50 basis points cut is helpful as it puts more cash back into businesses.

Reserve Bank took a cautious stance by cutting repo rate: Economist

22 May 2020, 5:51 AM

Economist Jeff Schultz says the Reserve Bank has taken a cautious stance by cutting the repo rate by 50 basis points. The move has eased the repo rate to 3.7%.

Economists welcome repo rate cut

21 May 2020, 6:51 PM

The Reserve Bank has cut the repo rate by 50 basis points following its Monetary Policy Committee meeting.

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