Tag Archivessarb

Rand-notes-and-coins

The topsy-turvy rand

The rand – which takes its name from the word ‘Witwatersrand’ – has to be one tough cookie.  It was born in 1961, when SA was declared a republic, replacing the SA pound as legal tender.  For a decade, the country had a fixed exchange rate for its currency, before the rand was pegged to […]

Read full story
coin

Commemorative circulation coins are ‘normal’ coins: SARB

The South African Reserve Bank (SARB) says it has received numerous enquiries on the value of the R5 commemorative circulation coins. (more…)

Read full story
sarandsmall

Reserve Bank comments on S&P’s downgrade of SA banks

The South African Reserve Bank (SARB) said in a statement today that it has noted the decision by ratings agency Standard & Poor’s (S&P) to lower the ratings of seven of South Africa’s commercial banks to sub-investment grade. (more…)

Read full story

SARB leaves repo rate unchanged: Comment

Following the South African Reserve Bank’s decision earlier today to keep interest unchanged, FNB confirms that it will maintain its prime lending rate at 10,5% and will review its position after the next SARB MPC meeting in May. (more…)

Read full story

SARB shares available to the public

The South African Reserve Bank (SARB) today invited all eligible South Africans to acquire 149 200 shares in the SARB. These became available for sale after the High Court of South Africa last year directed some SARB shareholders and their associates to sell shares that were in excess of the statutory limit of 10 000 […]

Read full story

FNB forecast is for the rate to remain unchanged through 2017

The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) today decided to leave its policy Repo Rate unchanged at 7%, where it has been since March 2016. This will leave Prime Lending Rates at 10.5%. (more…)

Read full story
intratesnov14hold

SARB leaves repo rate unchanged

The Monetary Policy Committee (MPC) of the SA Reserve Bank (SARB) has unanimously decided to keep the repurchase rate unchanged at 7% per annum. (more…)

Read full story
Rand-notes-and-coins

By holding rates, SARB encourages economy

First National Bank (FNB) will maintain its prime lending rate at 10.5% following the decision taken today by the South African Reserve Bank (SARB) Monetary Policy Committee to leave rates unchanged. The decision applies to all prime-linked accounts. (more…)

Read full story