Browsing: South African Reserve Bank

Every government should adopt evidence-based policies – and no good case has been built for the assumptions in the IRP 2023.

Retailers are not obliged to accept cash as a means of payment, even though it is defined as legal tender.

South African inflation quickened more than expected in October, approaching the upper end of the Reserve Bank’s preferred range.

Unplanned outages at Eskom’s generating fleet fell to less than 16GW in the past two months, President Cyril Ramaphosa said.

Inflation has fallen below the Reserve Bank’s target ceiling for the first time in 14 months.

The crisis may have reduced the nation’s economic growth rate by as much as 3.2 percentage points last year.

The platform for central bank digital currencies will enable transactions between countries, the IMF said.

Government will take on a portion of Eskom’s debt in a staggered manner to avoid a spike in the country’s debt-to-GDP ratio.

Telkom has appointed Naidene Ford-Hoon, a former chief financial officer of the Reserve Bank, to its board.

Open banking could be a game changer on the African continent by making transactions more convenient and increasing the personalisation of banking services.