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Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions

Rand facing headwinds as rates kept on hold

By Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions. Following the announcement by the MPC to keep interest rates unchanged, the rand has shown little reaction, however there are a few key elements that can see the rand come under pressure as the market digests the comments by the Governor. A downward adjustment in […]

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SARB vigilance supports consumers, says FNB

Following the South African Reserve Bank’s decision to keep interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10% and will review its position following the next SARB MPC meeting in September. Says FNB CEO Jacques Celliers: “The present stance of rate stability and wariness towards global risks is a […]

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What to expect from July’s interest rate decision

By Maura Feddersen, Economist at PwC Strategy&. The risks to the inflation outlook may have shifted further to the upside since the last Monetary Policy Committee (MPC) meeting of the South African Reserve Bank (SARB) in May. The vulnerability of the rand exchange rate and lower-than-expected economic growth are likely to be key themes as […]

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Inflation declines but rand depreciation triggers rate hike warning

Statistics South Africa (StatsSA) reported on June 20ththat consumer price inflation declined from 4.5% year-on-year (y-o-y) in April to 4.4% y-o-y in May. “The latest reading is in line with economists’ expectations and is comfortably within the South African Reserve Bank (SARB) target range of 3%-6%,” say PwC economists. (The StatsSA inflation report can be […]

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SARB gains further insights on DLT developments in SA

The South African Reserve Bank(SARB) has launched the report on Project Khokha. Project Khokha is a proof of concept designed to simulate a ‘real-world’ trial of a distributed ledger technology (DLT)-based wholesale payment system. The project focussed on providing participants practical experience on aspects of using DLT in a realistic test environment where different deployment […]

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What do rates being on hold mean for your investments?

By Chantal Marx: FNB Wealth and Investments, Head of Research.  The SARB MPC has decided to keep rates on hold for now, in-line with our expectations. The Governor did take on a more hawkish tone, as expected, but it was far less hawkish than we anticipated. While he conceded that the balance of risks to […]

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Reserve Bank keeps repo rate unchanged

Following the South African Reserve Bank (SARB)’s decision earlier today to keep interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10% and will review its position following the next SARB MPC meeting in July. Says FNB CEO Jacques Celliers: “Faced with the possibility of sharp increases in fuel prices […]

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FNB confirms that it will reduce its prime lending rate to 10%

Following the South African Reserve Bank’s decision to cut interest rates by 0.25%, FNB confirms that it will reduce its prime lending rate to 10%. The new rate will be applied to all prime-linked loans from Thursday, 29 March. (more…)

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