south african reserve banklatest news & developments
SARB PayShap. Rawpixel/Currency

Why the SARB is losing patience with South Africa’s banks

South Africa’s banks say PayShap is growing rapidly, but the SARB says adoption remains too slow, and may mandate wider acceptance

Fuel price up. Wang Xi/China News Service via Getty Images / Rawpixel / Currency collage

Inflation looks contained. But just wait …

March CPI rose to 3.1%, within the SARB’s 3% target band, but the Iran conflict’s oil price shock is set to push April inflation sharply higher

Prime interest rate evaporating. Rawpixel/Currency collage

The SARB’s review of prime will not reduce the cost of debt

The prime interest rate is a benchmark for pricing loans. Changing the benchmark will not alter the economics of lending

SARB and Steinhoff.

Analysis: has the South African Reserve Bank gone rogue?

The former Steinhoff group is locked in a bitter legal war with the SARB, which it argues is being vindictive at the expense of foreign lenders

Curerncy Viewpoint

Gaps in the SARB’s inflation-targeting debate

The Reserve Bank seeks a lower inflation target, but weak research, rising costs and flawed data stand in the way. Swift government reforms are key

Curerncy Viewpoint

The SARB’s schizophrenic policy guidance

To avoid unnecessary market volatility, the monetary policy committee needs to improve how it communicates its judgments and policy preferences.

Donald Trump. Picture: Robert Perry/Getty Images

The SARB’s Trump headache

Donald Trump’s ‘America First’ policies threaten to stoke inflation worldwide. Investors and households better brace for fewer interest rate cuts

Curerncy Viewpoint

Why Kganyago’s stingy rate cut was exactly right

The Reserve Bank’s hammer may be a blunt tool, but it’s the wiser move.

Reserve Bank governor Lesetja Kganyago. Photo by Gallo Images/Frennie Shivambu

The diary of a wimpy governor

The South African Reserve Bank’s monetary policy committee (MPC) cut interest rates by 25 basis points (bp) yesterday, inviting an unusual question: what is the actual point of…

Tito: Former minister of finance Tito Mboweni. Photo by Gallo / Images by Jeffrey Abrahams

Mboweni, Mandela, Mobutu, and the shaping of South Africa’s economy

In the interregnum between the release of Nelson Mandela in 1990 and the first democratic elections in 1994, a young Tito Mboweni persuaded Mandela to attend the annual meeting…

Currency SARB cut rates graph

The SARB could’ve cut rates. Could a short recession loom?

Reserve Bank governor Lesetja Kganyago faced dissension in the ranks during the most recent meeting of the six-member monetary policy committee (MPC) he heads, with two members…