With a review imminent, the country faces more than the risk of remaining greylisted. Outdated, costly global money transfers are undermining competitiveness, increasing trade risks and deterring investment
With low inflation, the monetary policy committee said it is aiming for inflation to settle at 3% — the bottom of its target range — to spur economic growth
Economists are also watching out for whether the central bank will adjust the target for inflation, which for now remains within a 3-6% target band
The Reserve Bank’s plan to narrow the inflation target to 3% for stability, lower costs and growth should be positive for households and businesses
The brother of former president Thabo Mbeki said the power of the ruling middle class must be diluted by the poor, the working class and property owners
The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy
Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say
April’s slight uptick suggests that the Reserve Bank will keep the benchmark repo rate at 7.5% next week
The central bank has maintained price stability but needs to focus on growth given the high unemployment rate.
The South African Reserve Bank is unlikely to cut interest rates next month, because of inflationary pressures that lie ahead
The technology’s unalterable digital trail would reduce fiscal leaks and prevent large-scale corruption draining the public purse
There are alternatives which don’t add to the financial burden of citizens and which are better for fiscal sustainability
The monetary policy committee said it remains vigilant amid risks to inflation outlook on the global and domestic front
The treasury needs to focus on strengthening revenue collection, efficient allocation and optimisation
The South African Reserve Bank has warned of an upside risk to the inflation outlook
This was despite the central bank highlighting upside risks to the inflation outlook
The SOC will be at the high court on Thursday to oppose an application for its liquidation
The bank does not have a solvency and liquidation problem, according to the department head
A third consecutive interest rate cut will help stimulate the economy, but the central bank will also be cautious about inflation pressures
Ithala’s provisional liquidation may result in the closure of 257 000 depositors’ accounts while legal proceedings are under way
