Latest News & Developments
Explore the implications of the South African Reserve Bank's latest repo rate decision and what it means for the economy.
Finance Minister Enoch Godongwana navigates complex global divisions at the G20 finance track meeting in Cape Town, achieving progress on work programmes despite geopolitical tensions preventing full consensus.
VAT is seen as a regressive tax that disproportionally negatively affects the poor.
South African Reserve Bank Governor Lesetja Kganyago warns that Trump's aggressive trade policies are creating dangerous economic uncertainty, with potential ripple effects for emerging markets like South Africa.
Elijah Oliveros-Rosen, S&P chief economist for emerging markets, said they were now expecting just one 25 basis points rate cut from the US Federal Reserve this year.
In his speech, Kganyago warned that populist leaders undermine essential institutions, and he called for proactive measures from global leaders to protect these institutions.
The stage is set for Cyril Ramaphosa's State of the Nation Address, where hopes and expectations collide with the harsh realities of South Africa’s economic landscape.
As Federal Reserve chair Jerome Powell defies President Trump's demands for rate cuts, global markets face uncertainty. With gold prices reaching historic highs and South Africa's monetary policy shifting, investors navigate through complex economic waters.
SARB Governor Lesetja Kganyago on Thursday announced that the central bank will cut the repo rate by 25 basis points, meaning rates will drop by 0. 25%.
For every million rand that you owe on a home loan for example, your repayments have reduced by around R500 since September last year.
The South African Reserve Bank has announced a 25 basis point cut in the interest rate, marking the third consecutive reduction as the country navigates economic challenges.
This comes after the central bank’s Monetary Policy Committee (MPC) voted for a 25BPS cut today, which translates to a 0. 25% cut in the repurchase rate (repo rate).
Higher interest rates dampen non-yielding bullion's appeal.
As South Africa enters 2025 with renewed confidence at Davos, this analysis explores the nation's key challenges and opportunities - from investment prospects and cryptocurrency adoption to Transnet's recovery and youth unemployment.
SARB Governor Lesetja Kganyago will on Thursday announce the central bank’s Monetary Policy Committee’s decision on interest rates in the country.
An electoral college consisting of all members of the SU Council and the executive committee of the Senate met to elect the institution’s 16th Chancellor. Kganyago received an honorary doctorate from SU in 2018 and was viewed as one of the finest public-policy minds in the country. In December 2020, Nelson Mandela University also conferred upon him an honorary Doctorate of Commerce
On Tuesday, Investec chief economist Annabel Bishop said that inflation for December was anticipated to come in at close to 3% year-on-year.
SARB Governor Lesetja Kganyago highlights improving economic sentiment in South Africa while addressing inflation concerns and the potential for GDP growth.
Cryptocurrency expert Nigel Green predicts Bitcoin could soar to R2. 7 million by mid-2025, while SARB Governor Lesetja Kganyago raises concerns about creating a Bitcoin reserve.
Consumers in South Africa are anxiously awaiting the Monetary Policy Committee's decision on interest rates, with rising fuel prices and inflation adding to their financial burdens.
Roets said that Bloomberg Economics suggests we may see a 50-basis-point reduction by March.
The sharp decline in food prices managed to offset the 0. 9% month-on-month increase in fuel prices in November.
South Africans are facing increasing financial pressure as high interest rates lead to home losses. This article explores the implications of the South African Reserve Bank's policies and the urgent need for rate cuts
The identified risks worrying the MPC itself are cost inflation factors and by not lowering the repo rate with magnitudes of 0. 5% it will do the consumer even more harm, says the author.
The South African Reserve Bank's recent interest rate cut has sparked debate among industry leaders about its timing and effectiveness in alleviating financial pressures on households.