http://www.engineeringnews.co.za
R/€ = 15.99 Change: 0.10
R/$ = 14.01 Change: 0.20
Au 1221.51 $/oz Change: 6.02
Pt 845.50 $/oz Change: 3.71
 

Topic

South Africa spends too much time on populism, Kganyago says

By: Bloomberg     30th October 2018 South Africa spends too much time debating populist issues such as the proposed nationalisation of the central bank, instead of focusing on steps to boost the economy, Reserve Bank Governor Lesetja Kganyago said. “We have spent too much of the year indulging in populism instead of making... 

Flirting with populism? Ask Venezuela how that went – SARB head Kganyago

By: News24Wire      19th October 2018 South African Reserve Bank (SARB) Governor Lesetja Kganyago has warned leaders that a wave of populism sweeping a number of global economies was a sign that leaders should be more responsible and accountable.  Speaking at the Association of Black Securities and Investment Professionals conference... 

Jonas is said to decline South African Finance Minister post

By: Bloomberg     9th October 2018 Mcebisi Jonas declined an offer to replace Nhlanhla Nene as South Africa’s finance minister, spurring President Cyril Ramaphosa to consider central bank Governor Lesetja Kganyago and one of his predecessors, Tito Mboweni, for the job, according to three people familiar with the matter. Jonas, a... 

SARB keeps repo rate unchanged at 6.5% 

By: News24Wire      20th September 2018 The South African Reserve Bank announced on Thursday afternoon that it will keep the repo rate unchanged at 6.5%.  The announcement was made by the central bank's governor Lesetja Kganyago at a media briefing in Pretoria.  

SARB does not see Q2 economic contraction

By: Reuters     27th July 2018 South African Reserve Bank (SARB) Governor Lesetja Kganyago said on Friday he does not expect economic growth to contract in the second quarter, after a 2.2% contraction in the first quarter of this year. Africa's most industrialised economy grew by 3.1% in the final quarter of 2017, but... 

SARB keeps repo rate unchanged, downgrades growth projection

By: News24Wire      19th July 2018 The South African Reserve Bank's (SARB's) monetary policy committee has left the repo rate unchanged at 6.5% in a unanimous decision.  The announcement, made by the central bank's governor Lesetja Kganyago at a media briefing in Pretoria on Thursday afternoon, was in line with expectations of... 

Mandela centenary commemorated with banknotes and R5 coin 

19th July 2018 To commemorate late Statesman Nelson Mandela’s centenary, the South African Reserve Bank has launched commemorative banknotes and a R5 coin into circulation, depicting the most significant occasions in Mandela’s life. Marleny Arnoldi attended the launch. 

SARB launches commemorative Mandela notes, R5 coin for circulation

By: Marleny Arnoldi     13th July 2018 The South African Reserve Bank (SARB) on Friday hosted a commemorative occasion at Freedom Park, in Pretoria, to introduce a series of banknotes and a R5 circulation coin, in honour of what would have been former President Nelson Mandela’s one-hundredth birthday this year.  

SARB keeps repurchase rate at 6.5%

By: African News Agency      24th May 2018 South Africa's Reserve Bank (SARB) kept its benchmark repurchase rate at which it lends to commercial banks unchanged at 6.5% on Thursday, saying the stance was appropriate given the forecast inflation trajectory and the current state of the economy. The move follows a 25 basis point decrease at... 

Treasury implements Twin Peaks model of financial sector regulation

By: Marleny Arnoldi     29th March 2018 South Africa’s financial regulatory system will fundamentally change as from April 1, when two new regulators come into operation – the Prudential Authority (PA) and the Financial Sector Conduct Authority (FSCA), the National Treasury said on Thursday.  

SARB trims repo rate as inflation slows

By: Reuters     28th March 2018 The South African Reserve Bank (SARB) trimmed its benchmark repo rate to 6.5% on Wednesday, in another boost for the economy after ratings agency Moody's left the country's last investment-grade credit rating intact. The 25 basis point cut had been expected by traders and economists, after a... 

ANC withdraws motion to debate nationalisation of SARB

By: News24Wire      6th March 2018 An African National Congress (ANC) Parliamentary motion to debate the nationalisation of the South African Reserve Bank (SARB) has been withdrawn, to allow the party to consult further on the matter within its structures and with key stakeholders. The debate was set to take place in Parliament on... 

SARB to launch commemorative banknotes in honour of Nelson Mandela's centenary

By: Simone Liedtke     12th February 2018 The South African Reserve Bank (SARB) will this year launch a set of commemorative South African banknotes, which will cover all denominations - R10, R20, R50, R100 and R200 - in honour of what would have been Nelson Mandela's centenary. The South African Mint, a subsidiary of the SARB, will... 

WARM EMBRACE

2nd February 2018 South African Reserve Bank governor Lesetja Kganyago may have been feeling the cold in Davos, Switzerland, last week, where he participated in the World Economic Forum. However, the rest of the world has embraced him warmly, with the International Monetary Fund (IMF) having appointed Kganyago as... 

South Africa's new political certainty boosting rand – Kganyago

By: Reuters     24th January 2018 The appointment of a new leader of South Africa's ruling party has removed political uncertainty that contributed to the depreciation of the rand currency and has been welcomed by investors, the country's central bank governor said on Wednesday. The new leader of the ruling African National... 

Reserve Bank Governor Kganyago's election as IMFC chair welcomed

By: African News Agency      19th January 2018 Finance Minister Malusi Gigaba on Thursday announced that South African Reserve Bank (SARB) Governor Lesetja Kganyago was selected as chairperson of the International Monetary and Financial Committee (IMFC). Kganyago, who is also South Africa's Alternate Governor on the International Monetary... 

South Africa holds rates as inflation risks offset rand strength

By: Reuters     18th January 2018 South Africa's central bank kept its benchmark repo rate unchanged at 6.75% on Thursday, saying that risks to inflation were still on the upside despite a recent strengthening of the rand currency. The majority of analysts polled by Reuters last week had predicted the repo rate would stay on... 

Blockchain set to change transactions, information flow and business processes

By: Schalk Burger     8th December 2017 Trust is the underlying factor supporting financial systems – from the value of currency and financial transactions to public spending. Similarly, trust underpins almost all information transfers, and money is a medium that allows people to ‘communicate’ value throughout an economy, says... 

Blockchain set to change transactions, information flow and business processes

By: Schalk Burger     8th December 2017 Trust is the underlying factor supporting financial systems – from the value of currency and financial transactions to public spending. Similarly, trust underpins almost all information transfers, and money is a medium that allows people to communicate value throughout an economy, says financial... 

Guptas target South African bank regulator over account closures

By: Bloomberg     10th November 2017 A group of companies linked to South Africa’s politically connected Gupta family said the country’s banking regulator encouraged lenders to shut their accounts, broadening a battle to retain the last of their banking services. The 20 businesses, which are suing Bank of Baroda’s local unit to keep... 

South African economy faces major challenges, but turnaround not difficult task, says Kganyago

By: African News Agency      10th November 2017 The South African economy faces major challenges and economic growth was weak as unemployment remained high despite terms of trade being favourable and global recovery, however, it should not be a difficult task to turn things around, South African Reserve Bank (SARB) Governor Lesetja Kganyago... 

Sarb denies instructing banks on KPGM

By: African News Agency      6th October 2017 The South African Reserve Bank (Sarb) has denied that it told the country’s big four banks that they cannot fire KPMG, stating categorically on Friday that it had not instructed banks on what steps they should or should not take with regards to their contracts with the embattled auditing firm.... 

Why not just nationalise SARB? – Kganyago

By: News24Wire      31st August 2017 "Why not just nationalise the SA Reserve Bank (SARB)?" governor of the SA Reserve Bank (SARB) Lesetja Kganyago asked during his public lecture at the Unisa Graduate School of Business Leadership on Wednesday evening. "Nationalising SARB will not change anything useful we cannot change in any... 

Reserve Bank governor warns of deeper recession

By: African News Agency      1st August 2017 South African Reserve Bank governor Lesetja Kganyago warned on Tuesday that the country’s economic recession could deepen unless there was policy certainty on mining and agriculture, the two sectors that contributed to growth in the first quarter. “At the moment these two sectors are facing... 

FNB economists welcome interest rates cut

By: African News Agency      21st July 2017 Economists on Friday welcomed the decreased interest rates, saying that it would have a positive impact on many sectors of the economy, including agriculture, investment, and franchising. This comes after the South African Reserve Bank (Sarb) announced on Thursday, that the Monetary Policy... 

Public Protector’s Absa report ‘reckless’ – Reserve Bank Governor 

By: African News Agency      14th July 2017 A report by Public Protector Busisiwe Mkhwebane into a government loan to Absa shows her lack of competency and understanding of both the Constitution and economy, Reserve Bank governor Lesetja Kganyago charges in an affidavit filed in the high court in Pretoria, made public on Friday. In the... 

SARB to challenge Public Protector’s recommendation in court 

By: Anine Kilian     20th June 2017 The South African Reserve Bank (SARB) on Tuesday said it would take legal action to challenge Public Protector Busisiwe Mkhwebane’s recommendation that Parliament effect a Constitutional amendment to force the SARB to promote economic growth, rather than currency and price stability. It said the... 

Reform of South African public enterprises would help reassure investors – IMF 

By: Terence Creamer     19th May 2017 The International Monetary Fund (IMF) says "structural reforms" in product, service and labour markets should be South Africa’s immediate policy priority for stimulating growth and job creation, particularly in light of the limited room to galvanise growth through macroeconomic policies. It also... 

Too much money, not enough green projects in Africa

By: African News Agency      5th May 2017 There is more capital than there are ready renewable projects in Africa, according to the African Development Bank. Speaking at the World Economic Forum on Africa in Durban, Amadou Hott, African Development Bank’s vice-president, said the continent was the most impacted by climate change yet it... 

New Treasury DG will be in ‘proud tradition’ of Ramos, Kganyago and Fuzile

By: Terence Creamer     19th April 2017 Finance Minister Malusi Gigaba intends to appoint a new National Treasury director-general by the end of May, following the announcement of Lungisa Fuzile’s imminent departure from a post he has occupied for the past six years. Both ratings agencies and investors have been unsettled by Fuzile’s... 

SARB keeps interest rate steady

By: News24Wire      30th March 2017 South African Reserve Bank (SARB) governor Lesetja Kganyago announced on Thursday that the bank's Monetary Policy Committee (MPC) has decided to leave the interest rate unchanged at its second meeting this year. The repurchase rate, which is the interest rate at which the Sarb lends money to... 

G20’s Compact with Africa launched with widespread support

By: Natasha Odendaal     20th March 2017 Clear support emerged last week from Group of 20 (G20) members’ Finance Ministers and central bank governors for the broadening of international economic and financial cooperation with African countries to “foster sustainable and inclusive growth” in line with the African Union’s Agenda 2063. At... 

SARB shares up for grabs

By: African News Agency      2nd March 2017 Shares are now available for players who envisage shareholding in the South African Reserve Bank (SARB), Governor Lesetja Kganyago announced on Thursday. “Some 149 200 shares in the SARB have become available for sale. We would like to use this opportunity to diversify our shareholder base, and... 

Wind farm completed in Eastern Cape

16th December 2016 The Nojoli wind farm, in the Eastern Cape, has been completed and connected to the grid by multinational renewable-energy corporation Enel’s subsidiary Enel Green Power RSA (EGP RSA).  

Plan, but no man

By: Terence Creamer     9th December 2016 South African Reserve Bank (SARB) governor Lesetja Kganyago does little to hide his frustration about the lack of progress in pursuing the structural reforms required to improve South Africa’s growth prospects and deal with its serious unemployment problem. He argues that the National Development... 

Premier praises new mixed-use development in Menlyn 

3rd November 2016 The much anticipated mixed-use development Menlyn Maine’s Central Square was launched in September. Megan van Wyngaardt has the story. 

Stronger institutions can save South Africa from ratings downgrade 

By: Megan van Wyngaardt     20th October 2016 Reserve Bank Governor Lesetja Kganyago on Thursday warned that the threat of a downgrade to South Africa’s investment-grade rating remained. Addressing delegates at this year’s South African Chamber of Commerce and Industry convention, he pointed out that political uncertainty, along with falling... 

What South Africa needs to attract equity flows

By: News24Wire      4th October 2016 Equity flows seek growth and South Africa has to boost its growth in order to attract these flows, said Reserve Bank governor, Lesetja Kganyago. Kganyago was speaking at the Monetary Policy Forum held at the South African Reserve bank (SARB) offices in Pretoria on Monday night. The second edition... 

First
Prev
1
2 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close