A stronger rand and falling inflation expectations may allow South African Reserve Bank Governor Lesetja Kganyago to start cutting interest rates this year as long as political developments don’t derail the currency’s gains.
South African Reserve Bank Governor Lesetja Kganyago returned to his rural village to issue new banknotes bearing his signature, taking his monetary policy message to ordinary people.
South Africa’s struggling economy cannot sustain current wage settlements of around 8 percent, which are also a threat to jobs, Reserve Bank Governor Gill Marcus said on Thursday.
By Matthew Lester I have never forgotten a presentation made by Gill Marcus some 20 years ago. It was all about the absolute chaos that existed in public finances when we got to the New South Africa. It was all very frightening. Thus I get really enthusiastic on the release of the annual SARS Statistics … Read more
South Africa’s central bank defended its inflation targeting policy on Thursday, saying it had helped reduce price pressures and contributed to more favourable economic growth.
The Full Mini Budget Speech by Finance Minister Nhlanhla Nene (Click here for the supporting documents): It is my privilege to present the 2014 Medium Term Budget Policy Statement and the Adjustments Appropriation Bill, the Division of Revenue Amendment Bill, all for 2014/15, and this year’s Revenue Laws Amendment Bills. Mister President, we are calling … Read more
The rand was on track for its fourth consecutive daily gain against the dollar on Thursday after comments by deputy central bank Governor Daniel Mminele overnight buoyed expectations for another domestic rate hike.
Unless one truly believes in the meltdown scenario, a local fund with a tax incentive is, for me, a far safer prospect.
When new SARB boss Lesetja Kganyago left the CNBC Africa studio I felt comfortable that the country’s central bank – and its currency – are in good hands.
Double thumbs up for the new SARB Governor and things looking a little less rosy for the return to his post by former PPC chief executive Ketso Gordhan.