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Tag: central bank

South Africa’s central bank cautious about more rate cuts

The South African Reserve Bank (SARB) is taking a cautious approach to monetary policy as risks to the inflation outlook are on the upside, deputy governor Daniel Mminele said. South...

South Africa’s central bank says has not instructed banks on ties with KPMG

South Africa’s central bank said on Friday it has not instructed banks on how to deal with KPMG after the auditing firm was entangled in a scandal involving business friends of...

S.A central bank concerned about KPMG; chairman meets former finance minister

South Africa’s central bank is concerned about “regrettable” practices at auditor KPMG, its governor said, as the company’s chairman held a meeting with a former finance minister it had tarnished in...

Why South Africa can cut rates this week

For all its economic troubles, South Africa has managed to keep inflation within its central bank’s target band. The latest numbers on Wednesday confirmed this. As the following graphic shows,...

Pressure on South Africa’s central bank a key credit risk: Moody’s

Rating agency Moody’s warned on Wednesday that the erosion of South Africa’s institutional framework and recent calls for changes to the central bank’s currency and price stability mandate risked undermining the...

South Africa will avoid recession this year: central bank

According to CNBCAfrica, South Africa will avoid a recession this year with a recovery in areas like mining and manufacturing likely to lift growth in the last three quarters, the central bank said...

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Over R100-billion to be invested in data centres in South Africa 

By Larry Claasen Amazon Web Services (AWS) plans to invest R46-billion in Cape Town by 2029. THE setting up of hyperscale data centres in South Africa...

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