Sarb

Sarb Expected to Cut Interest Rate to Stimulate Growth

South Africa is gearing up for a possible interest rate cut tomorrow, as moderating inflation pushes for a rate respite to inject cash into the struggling economy. The monetary policy committee (MPC) of the SA Reserve Bank (Sarb) is wid...

Joburg Post·almost 5 years ago

SA Reserve Bank Cuts Repo Rate

The South African Reserve Bank's monetary policy committee has cut the benchmark repo rate by 25 basis points to 6.5% from 6.75%. This is the first time since March 2018 that the benchmark interest rate has been cut. The central bank's g...

Joburg Post·almost 5 years ago

Economists Say Interest Rates Cut Expected to Bring Relief to Consumers

Economists have said that the decision by the South African Reserve Bank (SARB) to reduce its repurchase rate (repo rate) by 25 point basis would bring some much-needed relief to consumers. SARB Governor Lesetja Kganyago announced on Thu...

Joburg Post·almost 5 years ago

MPC increases repo rate by 75 basis points to 7%

Three members of the Committee preferred the announced increase. Two members preferred a 50 basis points increase

Lesetja Kganyago - Governor of the South African Reserve Bank·over 1 year ago

Another interest rate hike expected this month as whilst SARB tries to cool inflation

South African consumers could face more hardship, as another interest rate hike is expected.  This is as the South African Reserve Bank (SARB) has implemented a new toolkit for assisting in the execution of monetary policy in the country...

Tshegofatso Makola·12 months ago

SAFTU to protest outside the central bank offices in Pretoria

Ahead of the announcement of the interest rate hike, the South African Federation of Trade Unions (SAFTU) will protest outside the central bank offices on Thursday the 25th of May 2023.

Neo Poho·11 months ago

Reserve Bank finds Ramaphosa did not contravene the exchange control act

The South African Reserve Bank (SARB) has found that President Cyril Ramaphosa's Ntaba Nyoni Estate, that owns the Phala Phala game farm, was not legally entitled to the $580 000 it received from Sudanese businessman Hazim Mustafa for 20...

Neo Poho·8 months ago

Minister of Finance Enoch Godongwana Congratulates Dr Mampho Modise as the Deputy Governor of the South African Reserve Bank

Minister of Finance Mr Enoch Godongwana congratulates Dr Mampho Modise, the current Deputy Director-General of Public Finance in the National Treasury, on her appointment by President Cyril Ramaphosa as a Deputy Governor of the South Afr...

Ministry of Finance ·about 1 month ago

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