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south africa reserve banklatest news & developments
South African Reserve Bank Governor Lesetja Kganyago (Siphiwe Sibeko/Reuters)
CORONAVIRUS SOUTH AFRICA

Repo rate cut by 100 basis points

This takes the rate to 5.25% per annum, from 6.25%

  • Tshegofatso Mathe
2 min read
ECONOMY

Economic week ahead: SA Reserve Bank, US Fed to set rates

South African Reserve Bank and US Federal Reserve policy meetings is foreseen to dominate the week, although neither is expected to change rates.

  • Matt Quigley
6 min read
Most economists surveyed by Bloomberg expected that Reserve Bank governor Gill Marcus would hold rates at 5.5% at the announcement.
ANEESA FAZEL

Matrics give Reserve Bank advice

In a pilot project, six schools were chosen to set the repo rate for the monetary policy committee. Aneesa Fazel reports.

  • Aneesa Fazel
4 min read
FINANCIAL MELTDOWN

SA hit by global turmoil, bond yields driven down

Gloomy comments from the reserve bank were the backdrop to a fall in bond yields and a volatile day for the rand, which ended down against the dollar.

  • Stella Mapenzauswa
4 min read
Repo rate down 50 basis points
GILL MARCUS

Repo rate down 50 basis points

The SA Reserve Bank cut the repo rate by 50 basis points, adding to 600 basis points of cuts in interest rates since December 2008.

  • Staff Reporter
2 min read