R/€ = 16.06 Change: 0.04
R/$ = 14.39 Change: 0.04
Au 1277.81 $/oz Change: -8.07
Pt 811.50 $/oz Change: -15.32


Platinum seen contributing as much to South Africa's economy as gold did in the 20th century 

By: Natasha Odendaal     3rd May 2019 With the too-high economic cost of a lost opportunity looming, immediate measures are required to assist the platinum group metals mining sector to improve its viability and preserve employment. This is the intent behind the industry’s new South African National Platinum Strategy, with its most... 

SA Mint commemorates 25 years of democracy with three collectable coins 

By: Marleny Arnoldi     25th April 2019 South African Reserve Bank subsidiary South African Mint Company has launched an “SA25 – Celebrating South Africa” coin series, which commemorates the rights and freedoms espoused by the country’s Constitution. This week, 25 years ago, South Africa held its first democratic elections. The SA Mint... 

Reserve Bank will likely keep interest rates steady at next MPC meeting – economist

By: News24Wire      24th April 2019 Interest rates are likely to remain unchanged at next month's meeting of the Monetary Policy Committee of the South African Reserve Bank, according to Sanisha Packirisamy, an economist at Momentum Investments. The MPC will start its three-day meeting on May 21. Reserve Bank governor Lesetja... 

Petrol, bread and cereals drive CPI up to 4.5% in March

By: Marleny Arnoldi     18th April 2019 The annual headline consumer inflation accelerated to 4.5% in March, from 4.1% in February, owing to another 74c fuel price hike in the same month. Land Bank economist Tebogo Mashabela on Friday commented on Statistics South Africa’s Consumer Price Index release, pointing out that the fuel... 

SARB says too early to claim inflation win

By: Bloomberg     18th April 2019 The South African Reserve Bank says it’s premature to claim victory in the war against inflation and sees price growth stabilising at 4.5% only by the end of 2021. While inflation has been inside the central bank’s target band of 3% to 6% for two years and was at the midpoint of this range in... 

Global finance chiefs prepared to 'act promptly' on growth 

By: Bloomberg     15th April 2019 Global finance ministers and central bankers are prepared to “act promptly” to shore up growth in a world economy that faces downside risks including trade tensions, according to a statement issued Saturday. While growth is projected to firm up in 2020, “risks remain tilted to the downside,”... 

Political parties agree on need for business, government collaboration  

By: Marleny Arnoldi     12th April 2019 One cannot develop South Africa with a blanket approach, without consultation and discussion and these interactions should not be confined to the election season only, Inkatha Freedom Party MP Mhuleko Hlengwa asserted during a Steel and Engineering Industries Federation of Southern Africa... 

MPC remains steadfast on CPI target midpoint

By: Bloomberg     12th April 2019 The South African Reserve Bank is steadfast that it wants to see inflation expectations anchored at the 4.5% midpoint of its target range, Governor Lesetja Kganyago said. While the central bank unexpectedly raised its key rate to 6.75% in November, its current policy stance remains accommodative... 

Amcu slams Lonmin-Sibanye merger over 'magnitude' of job losses at Appeal Court

By: News24Wire      8th April 2019 Thousands of jobs will be lost at Lonmin over a three-year period following its merger with Sibanye-Stillwater, the Association of Mineworkers and Construction Union has argued. The union has lodged an appeal before the Competition Appeal Court to set aside a 2018 decision by the Competition... 

Early crypto-asset regulations indicate firmer rules on the way

By: Schalk Burger     5th April 2019 The initial regulations proposed by a crypto-asset regulations consultation paper, released by the South African Reserve Bank in January, indicate that a firmer regulatory regime will be put in place, says legal firm Cliffe Dekker Hofmeyr finance and banking director Bridget King and Cliffe... 

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