An argument for abolishing the South African Reserve Bank – FMF’s Lehumo Sejaphala
The South African Reserve Bank’s (SARB) mandate to protect the currency’s value and stimulate economic growth is scrutinised.
The South African Reserve Bank’s (SARB) mandate to protect the currency’s value and stimulate economic growth is scrutinised.
Key factors for non-residents inheriting money from South African estates: tax residency, emigration, and exchange control regulations.
Over the last couple of decades, South Africa’s GDP has grown from approximately R3.1 trillion in 2003 to R4.6 trillion in 2022.
As the country grapples with the possibility of an electricity grid collapse and intensified loadshedding, the South African Reserve Bank is taking proactive measures to ensure the continuity of its payments system.
Following the ANC government’s reaffirmed stance of non-alignment on Russia’s invasion of Ukraine, South Africa’s central bank has issued a stern warning about the potential ramifications of sanctions.
South Africa’s central bank is reluctant to pivot away from policy tightening after raising its benchmark interest rate into restrictive territory amid rand weakness and government missteps that continue to fuel inflation.
Colleen Goko highlights a severe crisis that South Africa is facing which is challenging a fundamental principle of monetary policy.
SA Minister of Public Enterprises, Pravin Gordhan, will travel to China to resolve the impasse blocking the delivery of locomotives and spare parts.
Standard Bank has stated that renewed emigration is threatening South Africa’s tax system – a tax system that already “rests on a pinhead.”
BizNews interviews SARB governor, Lesetja Kganyago, in Davos on the state of the “resilient” South African economy.