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Risks inhibit cut as SARB leaves rates unchanged, says FNB

Following the South African Reserve Bank’s decision earlier today to keep interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10,25% and will review its position after the next SARB MPC meeting in March. (more…)

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Repo rate remains unchanged at 6.75% per annum: SARB

The SA Reserve Bank has announced that the repurchase rate remains unchanged at 6.75% per annum, following its latest Monetary Policy Committee (MPC) meeting. (more…)

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SARB: New adviser to the Governors appointed

Ms Fundi Tshazibana has been appointed an adviser to the Governors of the South African Reserve Bank (SARB) with effect from 19 February 2018, the Bank said in a statement on Tuesday afternoon. She will also become the seventh member of the Monetary Policy Committee (MPC) of the SARB. Ms Tshazibana has 17 years of […]

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Will the Reserve Bank cut rates this week?

By Maura Feddersen, Economist with PwC’s Strategy& The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) is meeting on 17 and 18 January to deliberate interest rates. The central bank’s monetary policy stance aims to keep inflation in the target range of 3%-6% annually, thereby protecting the value of the currency and the purchasing […]

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New bank to be launched in SA

Bank Zero has been granted a provisional licence after a rigorous in-depth evaluation process by the South African Reserve Bank. The 45% black-owned bank is set to launch in the fourth quarter of 2018. (more…)

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SARB wary as risks remain, says FNB

Following the South African Reserve Bank’s decision earlier today to leave interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10,25% and will review its position after the next SARB Monetary Policy Committee (MPC) meeting in January 2018. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

More political shocks

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), Old Mutual Multi-Managers. Some 50 years ago, British Prime Minister Harold Wilson coined the expression ‘a week is a long time in politics’. Faced with chaotic Brexit negotiations, backstabbing Tories and two Cabinet ministers resigning amid this scandal, current British Prime Minister Theresa May […]

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September CPI temporarily breaches the 5% level

By Jason Muscat, FNB Senior Economic Analyst. September CPI printed in line with our expectations, at 5.1% y/y from 4.8% in August, and gained 0.5% m/m. The jump above 5% was largely anticipated by the market given the 67c increase in the fuel price last month. Petrol jumped 12.2% y/y from 5.7% the previous month, […]

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