South Africa is gearing up for a possible interest rate cut tomorrow, as moderating inflation pushes for a rate respite to inject cash into the struggling economy. The monetary policy committee (MPC) of the SA Reserve Bank (Sarb) is wid...
·almost 5 years ago
The South African Reserve Bank's monetary policy committee has cut the benchmark repo rate by 25 basis points to 6.5% from 6.75%. This is the first time since March 2018 that the benchmark interest rate has been cut. The central bank's g...
·almost 5 years ago
Economists have said that the decision by the South African Reserve Bank (SARB) to reduce its repurchase rate (repo rate) by 25 point basis would bring some much-needed relief to consumers. SARB Governor Lesetja Kganyago announced on Thu...
·almost 5 years ago
Three members of the Committee preferred the announced increase. Two members preferred a 50 basis points increase
·over 1 year ago
South African consumers could face more hardship, as another interest rate hike is expected. This is as the South African Reserve Bank (SARB) has implemented a new toolkit for assisting in the execution of monetary policy in the country...
·12 months ago
Ahead of the announcement of the interest rate hike, the South African Federation of Trade Unions (SAFTU) will protest outside the central bank offices on Thursday the 25th of May 2023.
·11 months ago
The South African Reserve Bank (SARB) has found that President Cyril Ramaphosa's Ntaba Nyoni Estate, that owns the Phala Phala game farm, was not legally entitled to the $580 000 it received from Sudanese businessman Hazim Mustafa for 20...
·8 months ago
Minister of Finance Mr Enoch Godongwana congratulates Dr Mampho Modise, the current Deputy Director-General of Public Finance in the National Treasury, on her appointment by President Cyril Ramaphosa as a Deputy Governor of the South Afr...
·about 1 month ago