insert_link Business / Economics S.A Reserve Bank Governor Warns of Inflation Risks South African Reserve Bank Governor, Lesetja Kganyago, has warned that global trade tensions and a potential value-added tax hike could derail two years of slowing inflation. Last week the national budget speech was postponed, after a last-minute disagreement within the government of national unity, about a proposal to hike value-added tax by two-percent. Speaking to CNBC Africa on the sidelines of a meeting of G20 finance officials in Cape Town, […] today26 February, 2025
insert_link Business / Economics SA to Host G20 Finance Track Meetings in Cape Town To South Africa, where the National Treasury and the South African Reserve Bank will host the G20 Finance Track meetings in Cape Town from today until Thursday, which will include Finance ministers, Central Bank Governors, and their deputies. The G20 Finance Track focuses on fostering global economic stability, enhancing international financial cooperation, and addressing pressing global challenges. SA Reserve Bank Governor, Lesetja Kganyago, says the Finance Track deals with strategic […] today24 February, 2025
insert_link Business / Economics SA Reserve Bank eyes third consecutive rate cut The South African Reserve Bank (SARB) is expected to lower the benchmark interest rate by 25 basis points to 7.5% on Thursday, marking the third consecutive rate cut. The decision, expected to be unanimous among the six-member monetary policy committee, comes as the central bank navigates economic uncertainty driven by global factors. Governor of the SARB, Lesetja Kganyago Governor Lesetja Kganyago will announce the […] today30 January, 2025
insert_link Business / Economics Bank of Namibia Hosts CMA Central Bank Governors Meeting The Bank of Namibia organized a high-level meeting of the Common Monetary Area Central Bank Governors, led by Governor Johannes !Gawaxab. The meeting included Governor Lesetja Kganyago from the South African Reserve Bank, Governor Emmanuel Letete from the Central Bank of Lesotho, and Governor Phil Mnisi from the Central Bank of Eswatini. Here's BoN'S Communications Practitioner: Josefina Oskar: today19 November, 2024
insert_link Business / Economics 18 October 2024 Morning Biz News: BoN to Launch Sustainability Forum, South Africa Eyes Lower Inflation, Nigeria Reaps Reform Benefits, UK Eases Fiscal Limits The Bank of Namibia , in partnership with the Ministry of Finance, NAMFISA, and various financial institutions, is preparing to introduce a coordinated forum to promote sustainability in the financial sector, according to The Brief. BoN Governor Johannes !Gawaxab announced that the platform, slated for launch in the coming weeks, will enhance coordination and collaboration on sustainability initiatives. In other financial news, South Africa’s central bank governor, Lesetja Kganyago, reaffirmed […] today18 October, 2024
insert_link South Africa SA’s Kganyago praises late Mboweni’s policy contributions South Africa’s Reserve Bank Governor Lesetja Kganyago has praised former Finance Minister Tito Mboweni for his contribution to policy-making. Mboweni, who was the first black central bank governor of South Africa, died over the weekend after a short illness and served as the Reserve Bank governor between 1999 and 2009. He gained a reputation for being principled and ready to debate issues openly. More recently, as finance minister […] today15 October, 2024
insert_link Business / Economics South Africa’s central bank cuts interest rates South African Reserve Bank Governor Lesetja Kganyago has announced that the Monetary Policy Committee has decided to reduce the country's repo rate by 25 basis points to 8%. The announcement comes a day after SA’s inflation was reported at 4.4-percent in August, lower than the Reserve Bank's target of 4.5-percent. It is expected that the rate will also be lowered at the bank's next meeting in November. today19 September, 2024
insert_link South Africa South Africa Reserve Bank governor warns against unsustainable coalition policies The South African Reserve Bank Governor Lesetja Kganyago has warned that if coalition policies are not stable, South Africa is likely to lose investors. The ANC lost its majority in the May 29 election and is now in talks with opposition parties to form a coalition government. today6 June, 2024
insert_link Business / Economics South Africa’s Reserve Bank keeps repo rate unchanged The South African Reserve Bank's Monetary Policy Committee has decided to keep the repo rate unchanged at 8.25 percent. This keeps the prime lending rate in SA at 11.75 percent. SARB Governor Lesetja Kganyago. today27 March, 2024
