Sarb

Last week, the South African Reserve Bank (Sarb) increased interest rates for the eighth consecutive time since it started its rate-hiking cycle in November 2021. Since then, the prime…

South Africa’s electricity crisis is costing the economy as much as R899 million per day, according to central bank estimates. Rolling blackouts of about 6 to 12 hours a day, or so-called…

South Africa’s governing party wants the central bank’s mandate broadened to shore up the economy and promote employment in addition to its existing task of targeting inflation. “The…

The South African Reserve Bank said there had been no impact from a reported breach of its systems four months ago. The central bank received information from state agencies and private…

The rand firmed overnight to trade below R17 to the US dollar on Thursday morning – its strongest level since late August. The local currency was trading at R16.93 at around 06:00, buoyed…

South Africa’s central bank spent years investigating Markus Jooste, the former chief executive officer of scandal-hit retailer Steinhoff International Holdings NV, before moving to seize…

South Africa’s central bank governor urged the government to stick to its plan to reduce debt, as the National Treasury prepares to deliver its medium-term budget policy statement next…

SIMON BROWN: I’m chatting with Dr Chris Harmse, economist at CH Economics. Chris, I appreciate the time. Inflation coming out , slightly down from the 7.6%. It’s 7.5%, moving in the right…

https://www.youtube.com/watch?v=XMszs0tlbJo Statement of the Monetary Policy Committee Issued by Lesetja Kganyago, Governor of the South African Reserve Bank In the wake of the Covid-19…

South Africa’s central bank is expected to fully unwind its extraordinary pandemic-era stimulus measures when it raises interest rates on Thursday. All economists in a Bloomberg survey…