The South African Reserve Bank will wait for broader price increases in the economy before tightening policy, even as risks that the Monetary Policy Committee had previously warned about come true, Governor Lesetja Kganyago said.
The test targeted simulating a ‘real-world’ trial of a distributed ledger technology wholesale payment system and included major local banking participants such as Absa, Capitec, Discovery Bank, FirstRand, Investec, Nedbank and Standard Bank.
Much has been written and said about diversifying one’s investment portfolio. One of those options is investing offshore to access international assets and as a hedge against rand-denominated and South African political risk.
A series of controversies have swirled around KPMG for months, ranging from dodgy audits for the Guptas to the discredited SARS ‘Rogue Unit’ report as well as the spectacular auditing failures and conflicts of interest pertaining to VBS Mutual Bank.