News Source: Daily Mail & Guardian
| 6 days ago
South Africa has appointed two senior central bank officials as advisers to new Governor Gill Marcus with effect from December 1, the bank said on Friday. The central bank said in a statement chief economist Monde Mnyande would be responsible for
News Source: News 24
| 16 days ago
Chances of a cut in interest rates hung in the balance on Tuesday, according to Nedbank senior economist Dennis Dykes, who added, however, that the South African Reserve Bank (Sarb) would be mindful of job losses and food inflation. The repo rate,
News Source: News 24
| 24 days ago
Tito Mboweni ended on Friday and incoming Governor Gill Marcus faces her first test as the market expects a decision on the dates of monetary policy committee (MPC) meetings to be held in 2010. To accommodate radical economic movements during the
News Source: Daily Mail & Guardian
| 27 days ago
Outspoken South African Reserve Bank Governor Tito Mboweni bids farewell to the bank this weekend after a decade fighting inflation in a jovial and personable style rare amongst central bankers. Asked repeatedly what he plans to do next -- the
News Source: News 24
| 29 days ago
The rand remaining too strong for too long may harm the economy but South Africa would keep to its policy of not intervening to manage the currency, central bank deputy governor Daniel Mminele said. The Reserve Bank will continue its strategy of
News Source: News 24
| about 1 month ago
He has been doing sterling work in what is arguably government’s most important job for more than a decade, so it comes as little surprise that former taxman Pravin Gordhan covered himself in glory in his maiden budget. Delivered in exceedingly
News Source: News 24
| about 1 month ago
On his big day as finance minister Pravin Gordhan, who was presenting the medium term budget for 2009/2010, had no presents to give his parliamentary colleagues the way his predecessor Trevor Manuel used to do. MPs and journalists were in recent
News Source: Daily Mail & Guardian
| about 1 month ago
Debt will have to rise to pay for floundering state-owned entities, exchange controls are out and inflation targeting looks set to stay, for now. The medium-term budget delivered on Tuesday revealed a mixed bag for Jacob Zuma’s new administration