Latest News & Developments
reserve bank
Mixed reactions to Reserve Bank's 25 basis points interest rate cut
Reserve Bank Governor Lesetja Kganyago announces a 25 basis points interest rate cut, prompting mixed reactions from economists and stakeholders as South Africa grapples with economic challenges.
SA Reserve Bank dismisses false claims about new R10,000 withdrawal reporting rule
The South African Reserve Bank (SARB) has dismissed false claims about a new regulation requiring banks to report card withdrawals over R10,000 to the South African Revenue Service (SARS)
SA Reserve Bank debunks false claims about new R10,000 withdrawal reporting rule
The South African Reserve Bank (SARB) has dismissed false claims about a new regulation requiring banks to report card withdrawals over R10,000 to the South African Revenue Service (SARS)
Court ruling revives Ithala Bank operations, bringing relief to employees and clients
This ruling comes as Ithala, which has more than 200000 active clients, appeals an ongoing liquidation application brought by the PA, which led to the freezing of all bank accounts, earlier this year.
High Court gives Ithala bank greenlight to resume business operations
The KwaZulu-Natal High Court has ruled that Ithala Bank can resume operations, rejecting attempts by the South African Reserve Bank’s Prudential Authority to liquidate it.
Interest rates remain unchanged, adding pressure on consumers
The Monetary Policy Committee's decision to maintain interest rates at 7. 5% raises concerns for consumers and the economy, as experts call for action to ease financial pressure.
Reserve Bank keeps interest rates unchanged amid global risks
The SA Reserve Bank’s Monetary Policy Committee has elected to leave the repo rate unchanged at 7. 50% amid global inflation risks.
Will South Africa's interest rates change amid rising inflation risks?
South Africa faces a crucial interest rate decision this Thursday, as inflation risks loom large and analysts predict cautious moves from the Reserve Bank amid shifting economic conditions.
MK Party defends Ithala Bank amid legal dispute
The Umkhonto Wesizwe Party on Monday held a protest against the South African Reserve Bank's Prudential Authority, urging protection for Ithala Bank amid liquidation threats.
Parliament's police watchdog demands answers on 'top secret' Phala Phala report
Parliamentary police portfolio committee chairperson Ian Cameron challenges the unprecedented 'top secret' classification of the Phala Phala report, raising concerns about transparency and public accountability in a matter of national interest.
The Great South African Homeowners' Heist: How the banks robbed us blind
For decades, South African homeowners have been victims of a monumental deception by banks. Discover how financial institutions have manipulated trust and exploited borrowers under the guise of lending.
How Jeff Radebe plans to revive the ANC after its decline in KZN
Jeff Radebe and the ANC KZN Provincial Task Team unveil a decisive strategy to restore the party’s credibility following a dramatic drop in voter support, attributing the decline to previous leadership's arrogance and committing to a people-centred, corruption-free future.
Political experts warn Phala Phala probe stalled by presidential influence
Political analysts reveal how the classification of the IPID's Phala Phala report as 'top secret' signals deeper institutional challenges, suggesting true accountability may only emerge after President Ramaphosa leaves office.
G20 meeting fails to reach consensus amid increasing global economic uncertainty
inance ministers from the world's leading economies failed to reach consensus at the G20 meeting in South Africa, highlighting deepening global divisions on climate finance and economic policies. With notable absences from key nations and against a backdrop of foreign aid cuts, the meeting resulted in a chairman's statement rather than a joint communiqué