Don’t shoot the messenger (the SA Reserve Bank) – Majozi
The chief mandate of the SA Reserve Bank is to try to suppress skyrocketing inflation, because it must protect the value of the currency.
The chief mandate of the SA Reserve Bank is to try to suppress skyrocketing inflation, because it must protect the value of the currency.
Gary Harlow, named in High Court papers which sanctioned the seizure of Steinhoff CEO Markus Jooste’s assets, says he will help the authorities in anyway possible.
The South African Reserve Bank last adjusted interest rates on 22 September 2022, when they increased the Repo rate by 75bps.
The monthly increase in October resulted in the annual rate of inflation rising to 7.6%y/y, up from 7.5% in September, and a peak of 7.8% in July.
For an expat to receive an inheritance from South Africa abroad, they need to be formally approved as non-tax resident by SARS.
The central bank’s critics say its focus on inflation, which has meant higher interest rates over the past year, increases poverty and only hurts consumers.
Bernard Mostert explains how the mortgage came into the trust’s possession and implications of last week’s preservation order on Jooste’s assets.
Yesterday I got to interview both external trustees in Silveroak, the Jooste family trust (Markus Jooste’s son Michael is the other one).
Gary Harlow, named in High Court papers which sanctioned yesterday’s seizure of Steinhoff CEO Markus Jooste’s assets, says he will help the authorities in anyway possible.
It was reported earlier that a larger than usual group was at Markus Jooste’s Hermanus residence.