central bank
South Africa faces upside risk to inflation, financial conditions, central bank governor says
reuters.com/world/africa/safrica-faces-upside-risk-inflation-financial-conditions-cenbank-governor-2024-04-20/
Quick Glance: Challenges for South Africa in Inflation and Financial Conditions, According to Central Bank Governor
- Lesetja Kganyago, the Governor of the South African Reserve Bank, warned of upside risks to the country's inflation outlook.
- Despite the chaotic impact of adverse El Nino weather in Africa, the latest data does not show indications of price hikes in food.
- The South African Reserve Bank noted that the inflation rate is expected to reach the target range of 4.5% only by the end of 2025.
- Kganyago highlighted potential risks from higher oil prices due to tensions in the Middle East and tight global financial conditions resulting from prolonged high interest rates at the U.S. Federal Reserve.
Rand plunges after poll shows surge in support for Zuma’s MK party: The rand by late Wednesday afternoon had fallen to 18.79/dollar from 18.44/dollar earlier ...
dailymaverick.co.za/article/2024-04-10-rand-plunges-after-poll-shows-surge-in-support-for-zumas-mk-party/
Quick Glance: The Unstoppable Impunities of Jacob Zuma
- Former President Jacob Zuma secures a significant victory for his MK party, confirming his candidacy.
- The MK party leverages court cases for nationwide publicity, establishing a strong presence in voters' minds.
- Zuma, amidst surviving various scandals, aims for a political comeback with support from the ANC government.
- The ANC's actions have facilitated Zuma's resurgence, inadvertently creating a formidable opposition in the process.
South African Reserve Bank Is Insulated From Election Cycle, Kganyago Says: South African Reserve Bank Governor Lesetja Kganyago said uncertainty about the ...
bloomberg.com/news/articles/2024-04-18/kganyago-says-his-new-term-insulates-sarb-from-election-cycle
Paid articlePaid
NOKWANDA MATHENJWA | Structural changes are needed to grow the economy: While some economists and researchers support the austerity stance implemented by the ...
timeslive.co.za/sunday-times-daily/opinion-and-analysis/2024-04-23-structural-changes-are-needed-to-grow-the-economy/
South African Interest Rates Seen on Hold All Year Amid Inflation Worry: South Africa’s central bank won’t cut interest rates this year because of persistent ...
bloomberg.com/news/articles/2024-04-11/south-african-rates-seen-on-hold-all-year-amid-inflation-worry
Paid articlePaid
Speaking to CNBC's Karen Tso at the IMF Spring Meetings, Lesetja Kganyago, governor of the Reserve Bank of South Africa, discusses his country's economy and ... Show more
SA Reserve Bank is exorcising the spectre of stagflation: The South African Reserve Bank is the one arm of the state that stands between the economy and this ...
dailymaverick.co.za/article/2024-04-04-sa-reserve-bank-is-exorcising-the-spectre-of-stagflation/
South Africa urged to finalise Integrated Resource Plan to boost investor confidence
mg.co.za/the-green-guardian/2024-04-11-south-africa-urged-to-finalise-integrated-resource-plan-to-boost-investor-confidence/
Kganyago hits back at MPC critics: Reserve Bank chief says committee that sets interest rates represents a broad range of views and comprises some of the best ...
timeslive.co.za/sunday-times/business/business/2024-04-14-kganyago-hits-back-at-mpc-critics/
Paid articlePaid SA food inflation slows to 3-1/2 year low but respite likely short-lived: Food inflation is expected to accelerate again in the coming months in the wake of a ...
dailymaverick.co.za/article/2024-04-17-sa-food-inflation-slows-to-3-1-2-year-low-but-respite-likely-short-lived/
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Loaded for Bear: Rand set for turbulent ride until elections — and their aftermath
dailymaverick.co.za/article/2024-04-22-loaded-for-bear-rand-set-for-turbulent-ride-until-elections-and-their-aftermath/
El Niño has ended but the full wrath of its economic and social impact is still to come
dailymaverick.co.za/article/2024-04-16-el-nino-has-ended-but-the-full-wrath-of-its-economic-and-social-impact-is-still-to-come/
EZA ETF: South Africa's Election Looms: EZA ETF faces a complex outlook, with various systemic and asset-specific variables playing a role ...
seekingalpha.com/article/4684409-eza-etf-south-africas-election-looms
Paid articlePaid South African rand flat ahead of central bank's rate decision: South Africa's rand was little changed in early trade on Wednesday, ahead of the central bank's ...
reuters.com/world/africa/south-african-rand-flat-ahead-central-banks-rate-decision-2024-03-27/
South African rand edges higher ahead of rate decision: The South African rand edged higher at the start of a week that will include the central bank's decision ...
reuters.com/world/africa/south-african-rand-edges-higher-ahead-rate-decision-2024-03-25/
Quick Glance: South African Rand Shows Strength Ahead of Interest Rate Decision
- The value of the South African rand increased at the beginning of a week that will involve the central bank's decision on interest rates.
- Observers await the South African Reserve Bank's interest rate announcement on Wednesday following a rise in inflation to 5.6% in February, approaching the upper limit of the central bank's preferred range of 3% to 6%.
- Enhancing investor confidence through positive changes in local economic strategies could potentially lead to a recovery in the value of the local currency and the overall economic outlook.
- South Africa's benchmark 2030 government bond remained unchanged in early transactions, yielding 10.425%.
Hawkishness heard from Reserve Bank: The South African Reserve Bank kept the policy repurchase rate unchanged at 8.25% at the March Monetary Policy Committee ...
timeslive.co.za/sunday-times/business/opinion/2024-03-31-hawkishness-heard-from-reserve-bank/
Paid articlePaid South Africa consumer inflation rises in February: South Africa's consumer inflation rose for the second month in a row in February to 5.6% year on year from 5 ...
reuters.com/markets/south-africa-consumer-inflation-rises-56-yy-february-2024-03-20/
Ramaphosa picks Mampho Modise as deputy Reserve Bank governor: The president reappointed Reserve Bank governor Lesetja Kganyago, as well as deputy governors ...
mg.co.za/business/2024-03-15-ramaphosa-picks-mampho-modise-as-deputy-reserve-bank-governor/
Interest rates on hold but petrol to go up: Consumers will suffer another blow as petrol prices are set to rise this week.
iol.co.za/capetimes/news/interest-rates-on-hold-but-petrol-to-go-up-b13330d0-6d59-4a2d-8670-8d2409bcb443
South Africa on Track to Escape FATF's Dirty Money List, Kganyago Says: South Africa should escape an influential global watchdog’s dirty-money monitoring ...
bloomberg.com/news/articles/2024-03-13/south-africa-on-track-to-escape-dirty-money-list-kganyago-says
Paid articlePaid The South African Reserve Bank’s (Sarb) Monetary Policy Committee (MPC) announced on Wednesday that the repurchase rate (repo rate) for the state remained ... Show more #RepoRate #finance
After the Bell: The happy surprise that is Kganyago’s reappointment: I am one among many who were delighted to see that SA Reserve Bank Governor Lesetja Kganyago ...
dailymaverick.co.za/article/2024-03-18-after-the-bell-the-happy-surprise-that-is-kganyagos-reappointment/
SARB’s new broom Mampho Modise unlikely to sweep out MPC hawks: Subhead: Too early for Mampho Modise to have big impact on monetary police, economists say
timeslive.co.za/sunday-times/business/business/2024-03-24-sarbs-new-broom-mampho-modise-unlikely-to-sweep-out-mpc-hawks/
Paid articlePaid South Africa Central Bank Chief Rules Out Rate Cuts in Short Run: South African Reserve Bank Governor Lesetja Kganyago said there would be no interest-rate cuts ...
bloomberg.com/news/articles/2024-02-29/south-africa-central-bank-chief-rules-out-rate-cuts-in-short-run
Paid articlePaid Public trust in the financial system is not what it needs to be — Kganyago: “It was remarkable, with the allegations last year about banks manipulating the ...
timeslive.co.za/sunday-times/business/business/2024-03-13-public-trust-in-the-financial-system-is-not-what-it-needs-to-be-kganyago/
South Africa May Harm Central Bank by Tapping Reserves, S&P Says: South Africa’s decision to tap profits on the country’s gold and foreign-exchange reserves to ...
bloomberg.com/news/articles/2024-02-28/south-africa-may-harm-central-bank-by-tapping-reserves-s-p-says
Fed's Bostic: No urgency to cut interest rates given US economy's strength: The U.S. Federal Reserve is under no urgent pressure to cut interest rates given a ...
reuters.com/markets/us/feds-bostic-no-urgency-cut-interest-rates-given-us-economys-strength-2024-03-04/
EFF election manifesto – Fact-checking four big claims on land, wealth, crime and sanitation in South Africa
dailymaverick.co.za/article/2024-03-07-eff-manifesto-fact-checking-four-big-claims/
‘This is not an election budget’: Enoch Godongwana defends fiscal moves: Finance minister Enoch Godongwana has dismissed suggestions his 2024 budget tabled in ...
timeslive.co.za/sunday-times/business/business/2024-02-22-this-is-not-an-election-budget-enoch-godongwana-defends-fiscal-moves/
#ManifestoCheck: Verifying 9 claims from the Democratic Alliance’s ‘Rescue Plan for South Africa’
africacheck.org/fact-checks/reports/manifestocheck-verifying-9-claims-democratic-alliances-rescue-plan-south-africa
South African consumer inflation accelerates in February, trajectory bodes ill for rate cuts
dailymaverick.co.za/article/2024-03-20-sa-consumer-inflation-accelerates-in-feb-bodes-ill-for-rate-cuts/
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
Tapping into Sarb’s pot of gold and currency reserve funds gives public finances breathing space
dailymaverick.co.za/article/2024-02-21-budget-why-were-tapping-into-the-reserve-banks-pot-of-gold/
EFF manifesto launch fails uncharacteristically to pull expected crowds: The party wants parliament to appoint boards for state-owned enterprises
mg.co.za/politics/2024-02-10-eff-manifesto-launch-fails-uncharacteristically-to-pull-expected-crowds/
Reserve Bank’s MPC likely to hold rates steady this week as inflation sparks fires
dailymaverick.co.za/article/2024-03-25-reserve-banks-mpc-likely-to-hold-rates-steady-this-week-as-inflation-sparks-fires/
Jooste’s final demise, outsourcing SOE’s, and India’s election: Investment banker Mark Barnes and Business Maverick editor Tim Cohen unwrap the news ...
dailymaverick.co.za/article/2024-03-25-joostes-final-demise-outsourcing-soes-and-indias-election/
Parties slam Godongwana’s ‘bailout’ budget as an election ‘gimmick’: Political parties have criticised finance minister Enoch Godongwana’s budget ...
timeslive.co.za/politics/2024-02-21-parties-slam-godongwanas-bailout-budget-as-an-election-gimmick/
Dissecting the VBS elephant six years on – the R2bn fraud, the R500m settlement and the plight of victims
dailymaverick.co.za/article/2024-02-03-vbs-mutual-bank-scandal-six-years-on-the-r2bn-fraud-the-r500m-settlement-and-the-plight-of-victims/
South African Central Bank Governor Lesetja Kganyago Gets New Term: South African President Cyril Ramaphosa reappointed Lesetja Kganyago as governor of the ...
bloomberg.com/news/articles/2024-03-15/south-africa-kganyago-gets-another-term-at-helm-of-central-bank
Paid articlePaid Britain changed its former colonial territories into financial enclaves: Finance, not guns, plays a huge part in Britain continuing to fly the Union Jack over ...
mg.co.za/thought-leader/opinion/2024-02-22-britain-changed-its-former-colonial-territories-into-financial-enclaves/
South Africa’s Top Central Banker Says Inflation Not Yet Tamed: South Africa’s top central banker told the Financial Times that “the job of taming inflation is ...
trib.al/4o8wtvk
Kganyago maintains that the Reserve Bank must be independent: Reserve Bank Governor Lesetja Kganyago emphasised the independence of the monetary authority on ...
iol.co.za/news/kganyago-maintains-that-the-reserve-bank-must-be-independent-cbbddbab-d55a-4b73-9c03-593a527f02e3
SA may have lengthy, perilous road to navigate in order to escape greylisting: FATF: While smaller African countries have been removed, South Africa — with its ...
dailymaverick.co.za/article/2024-03-08-sa-may-have-lengthy-perilous-road-to-navigate-in-order-to-escape-greylisting/
From fighting the inflation tiger to squeezing the inflation tighter — a change may be coming soon
dailymaverick.co.za/article/2024-03-03-from-fighting-the-inflation-tiger-to-squeezing-the-inflation-tighter-a-change-may-be-coming-soon/
Budget 2024: State to tap into R500 billion forex reserve: The decision follows pressure from civil society and labour — as well as warnings that the treasury ...
mg.co.za/business/2024-02-21-budget-2024-state-to-tap-into-r500-billion-forex-reserve/
South Africa Interest Rates: Central Banker Says Don’t Expect Cuts Soon: South Africa’s top central banker told the Financial Times that “the job of taming ...
bloomberg.com/news/articles/2024-02-18/south-africa-interest-rates-central-banker-says-don-t-expect-cuts-soon
Paid articlePaid SA consumers turn to personal loans, unsecured credit to survive: Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep ...
mg.co.za/news/2024-02-07-sa-consumers-turn-to-personal-loans-unsecured-credit-to-survive/
Markus Jooste’s ‘lover’ Berdine Odendaal loses bid to appeal blocking of suspected ill-gotten gains
dailymaverick.co.za/article/2024-02-07-beneficiary-of-steinhoff-largesse-loses-bid-to-appeal-throttle-funds/
Kganyago Roots for Central Bank Independence: South African Reserve Bank Governor Lesetja Kganyago defended the independence of the monetary authority ...
dailymaverick.co.za/article/2024-02-06-kganyago-roots-for-central-bank-independence/
SA consumers turn to personal loans, unsecured credit to survive: Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep ...
mg.co.za/news/2024-02-07-sa-consumers-turn-to-personal-loans-unsecured-credit-to-survive/
EFF fuming over high court ruling preventing suspended MPs from attending Sona: The EFF is fuming over the Western Cape High Court ruling preventing six senior ...
timeslive.co.za/politics/2024-01-31-eff-fuming-over-high-court-ruling-preventing-suspended-mps-from-attending-sona/
ANC, stop dancing to the tune of Big Business: The government must focus on the needs of the people and not only on minerals and energy
mg.co.za/thought-leader/opinion/2024-01-28-anc-stop-dancing-to-the-tune-of-big-business/
South Africa’s Kganyago Doesn’t See Rate Cuts Amid Sticky Prices: South African Central Bank Governor Lesetja Kganyago ruled out cutting interest rates while ...
trib.al/xruyH7N
A tiny green shoot emerges, with SA set to buck global trend of decelerating growth
dailymaverick.co.za/article/2024-01-28-a-tiny-green-shoot-emerges-with-sa-set-to-buck-global-trend-of-decelerating-growth/
Interest rates: Could a cut be on the cards tomorrow after all?: Lower inflation has lifted hopes that the repo rate could be cut tomorrow ...
iol.co.za/news/interest-rates-could-a-cut-be-on-the-cards-tomorrow-after-all-34e5fe5f-3d77-47f7-a222-75674266b335
Quick Glance: Inflation Declines, Incomes Increase, Economic Confidence Rises
- A recent survey by the Federal Reserve Bank of New York indicates that Americans’ expectations for inflation have reached their lowest point in nearly three years.
- Economists suggest that consumers are responding to a consistently slower inflation rate, higher incomes, lower gas prices, and a rising stock market.
- The inflation rate has dropped from a peak of around 9 percent in June 2022 to 3.4 percent.
- While some individual goods are becoming more affordable, overall prices are likely to remain significantly higher than their pre-pandemic levels.
The tortoise and the hare: Why an unchanged repo rate is better than we think: The cutting of rates is not about whether inflation has come down ...
iol.co.za/news/the-tortoise-and-the-hare-why-an-unchanged-repo-rate-is-better-than-we-think-caa8c11d-a2ac-4c2a-897a-fb7ad21613ce
SA Reserve Bank likely to hold rates steady as prospects of a cut fade in tandem with US
dailymaverick.co.za/article/2024-01-23-sa-reserve-bank-likely-to-hold-rates-steady-as-prospects-of-a-cut-fade-in-tandem-with-us/
Politics may be the key factor in SARB succession: Just how political is the job of a senior central banker? We may find out soon, as President Cyril Ramaphosa ...
timeslive.co.za/sunday-times/business/opinion/2024-01-28-politics-may-be-the-key-factor-in-sarb-succession/
Paid articlePaid Survey of SA’s top management reveals that opportunities abound in tricky times: Crises create environments that can help kickstart profound and sustained change ...
dailymaverick.co.za/article/2024-01-22-survey-of-sas-top-management-reveals-that-opportunities-abound-in-tricky-times/
Reserve Bank sticks to its guns, keeps interest rates on hold: Governor Lesetja Kganyago suggested the central bank will look for the inflation rate to fall ...
mg.co.za/business/2024-01-25-reserve-bank-sticks-to-its-guns-keeps-interest-rates-on-hold/
Rand remains steady as US interest rate looms: The rand has not changed much on Wednesday as National Treasury and investors wait for the US Federal Reserve to ...
iol.co.za/news/rand-remains-steady-as-us-interest-rate-looms-bcc49e50-b5a0-48e5-8d26-2b0029bde89e
Quick Glance: Labor Cost Data Signals Inflation Improvement
- Recent ECI data shows significant decline in labor cost growth, indicating easing inflation and a shift in the Fed's monetary policy.
- The Employment Cost Index (ECI), the Fed's preferred measure of labor costs, saw its smallest quarterly increase in over two years, signaling a positive change in the central bank's inflation fight.
- ECI data for the quarter suggests a cooling of inflationary pressures within the job market, crucial for the Fed's monetary policy decisions.
- The decline in labor cost growth supports the Fed's confidence that the current reduction in inflation is sustainable and signals a move toward more balanced labor market conditions.
These were South Africa's best selling brands in December as new-car sales end 2023 on a low note
timeslive.co.za/motoring/news/2024-01-09-these-were-south-africas-best-selling-brands-in-december-as-new-car-sales-end-2023-on-a-low-note/
FAKE NEWS ALERT 🚨: This was not published on the Mail & Guardian's website, nor was it posted on any of our social media platforms.
Kganyago plugs monetary policy committee holes with new member: David Fowkes, who was appointed as an adviser to the governors last December ...
mg.co.za/business/2024-01-25-kganyago-plugs-monetary-policy-committee-holes-with-new-member/
South Africa Current Account Deficit Narrows as Imports Slip: South Africa’s current account deficit shrank by much more than expected in the third quarter ...
bloomberg.com/news/articles/2023-12-07/south-africa-current-account-deficit-narrows-as-imports-slip
Davos 2024: South Africa’s Godongwana Says No Imminent Plan to Tap Reserves: South African Finance Minister Enoch Godongwana played down the likelihood of a ...
bloomberg.com/news/articles/2024-01-16/south-africa-s-godongwana-says-no-imminent-plan-to-tap-reserves
Paid articlePaid South African inflation to slow in 2024 - Reuters poll: Inflation in South Africa will slow next year as global trends weighing on prices' growth combine with ...
reuters.com/world/africa/south-african-inflation-slow-2024-2023-12-13/
Non-resident outflows of SA equities, bonds more than double in 2023 to R98.1bn: Takeaways from the South African Reserve Bank’s latest financial stability ...
dailymaverick.co.za/article/2023-11-29-non-resident-outflows-of-sa-equities-bonds-more-than-double-in-2023-to-r98-1bn/
Reconciliation Day: New report shows rise in interracial interactions amidst persistent challenges
iol.co.za/news/reconciliation-day-new-report-shows-rise-in-interracial-interactions-amidst-persistent-challenges-d84e14ae-2fd3-48cf-9f03-762710ebdcfc
South Africa Central Bank Says Higher Rates Stressing Lenders: The South African Reserve Bank said the quality of bank loan books has suffered amid high interest ...
bloomberg.com/news/articles/2023-11-29/south-africa-central-bank-says-higher-rates-stressing-lenders
Paid articlePaid Kganyago warns ‘pot of gold’ is a fairy tale: Reserve Bank governor Lesetja Kganyago has warned South Africans against seeing the gold & foreign exchange ...
timeslive.co.za/sunday-times/business/business/2023-11-26-kganyago-warns-pot-of-gold-is-a-fairy-tale/
Paid articlePaid South African rand gains after dovish Fed talk, cenbank data in sight: The South African rand gained in early trade on Wednesday after dovish commentary by the U ...
reuters.com/world/africa/south-african-rand-gains-after-dovish-fed-talk-cenbank-data-sight-2023-11-29/
South African rand gains ahead of cenbank's rate decision: The South African rand was stronger in early trade on Thursday ahead of a key interest rate decision ...
reuters.com/world/africa/south-african-rand-gains-ahead-cenbanks-rate-decision-2023-11-23/
South African rand dips as inflation spikes; shares edge up: South Africa's rand weakened against the U.S. dollar on Wednesday after local data showed ...
reuters.com/markets/south-african-rand-slips-ahead-local-inflation-data-2023-11-22/
Cost-of-living crisis as CPI races to 5.9%, ahead of rate decision: The CPI sped up to 5.9% in October from 5.4% in September, Statistics South Africa (Stats SA) ...
dailymaverick.co.za/article/2023-11-22-cpi-races-to-5-9-posing-a-fresh-dilemma-for-sa-reserve-bank-ahead-of-rate-decision/
SARB, National Treasury, and FSCA to overhaul law to curb rand manipulation: The National Treasury said they were working with the South African Reserve Bank and ...
iol.co.za/news/politics/sarb-national-treasury-and-fsca-to-overhaul-law-to-curb-rand-manipulation-7edcd01a-e85b-4dec-9cf4-18684039d275
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