Repo rate unchanged
The repo rate will remain unchanged at 5.75 percent, the SA Reserve Bank’s monetary policy committee decided on Thursday.
SARB Governor
UNDICTATED: What happens when all the entrepreneurs go on strike?
When that happens, when entrepreneurs finally smell the coffee, who starts the businesses whose taxes keep everyone else so contented? Ayn Rand might have been onto something after all.
Lesetja Kganyago: In studio with new SARB Governor – on his 49th birthday
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.
Why Labour Minister Mildred Oliphant’s “intellectuals” are so silent
On the flexibility of labour, South Africa ranked 144th of 144 countries in the latest WEF Global Competitiveness Report.
UPDATED: Meet Lesetja Kganyago – new SARB Governor
The former Director General of the Department of Finance, Lesetja Kganyago, has been appointed to succeed Gill Marcus as Governor of the SA Reserve Bank.
Viv Govender: Sectors to avoid after September’s 60c Rand weakening
let’s get a more in-depth view of how the market’s trading today. Viv Govender from Vunani Private Clients is with us in the studio.
Friday’s “self-inflicted” Ratings Agency downgrade to take SA just one notch above “junk”
The wages of sin is death, The wages of economic mismanagement is a downgrade by the global Ratings Agencies. On Friday, the misguided South African economic policymakers are about to get a very cold shower after ignoring numerous warnings to change their ways. And as SARB Governor Gill Marcus told the nation this week, the … Read more
Nedbank CEO Mike Brown on his future, Old Mutual and beating expectations
As happens when you’re in this field for long enough, it’s been my privilege to watch Mike Brown develop from Nedbank’s eager new financial director to the confident, assured and very competent CEO of the smallest of the country’s Big Banks. In his four years in charge Brown has delivered earnings growth superior to that … Read more
Gordhan and Marcus: Don’t necessarily expect more rate hikes this year
Investors pay close attention to interest rate movements. For good reason. Interest rates reflect the price of money. And this is the key to the way all investment vehicles are priced. High interest rates translate into lower equity and property prices and vice versa. So when there a reversal occurs in the interest rate trend, … Read more
One changed word in labour legislation can alter SA’s economic destiny
This week’s Rational Alternative column for the Financial Mail focused on a story that seems to have evaded the radar of the popular Press. Yet it has the potential to transform the country’s sickeningly high unemployment. Since the article was written, the Free Market Foundation, which is the plaintiff, issued an update on its challenge … Read more