South African Reserve Bank (Sarb)
Sarb’s Groepe says inflation could rise further without policy action
South African Reserve Bank plans five hikes of 25bps by 2020
Investigation takes aim at KPMG for mishandling South African bank
“Looting” of troubled VBS would not have been as bad had auditor acted lawfully, report finds
Former Sarb governor assumes finance minister role
Tito Mboweni succeeds Nene but opposition party questions his “radical views”
Inflation proves worrisome for Sarb MPC
Governor stresses central bank has inflation target range and not a specific point; MPC leaves interest rates on hold
Which emerging markets are in the firing line?
Some instability from Turkey and Argentina has spilled elsewhere, but not all emerging markets are under threat
Sarb’s Groepe says cyber security must be adaptable to changing landscape
It is “essential” for financial institutions to have “agile and responsive” practices in place, deputy says
Sarb’s Mminele says IT investment could help African cities grow
South African deputy governor encourages investment in both human and physical capital
Changes in interest rates impact richest 20% more than the poor – Kganyago
South African governor says microloans are shaped by factors other than monetary policy
South African governor warns against nationalisation
Call comes as Sarb’s senior lawyer accuses government ombudsman of lying under oath
South African central bank predicts higher inflation and more rate rises
Inflationary pressures are rising, Sarb says
Failed bank depositors to gain unrestricted access to funds – Sarb
Around 97% of retail depositors will be paid in full, the central bank says, as investigation into mismanaged bank continues
KYC regulation impinging on financial inclusion – Sarb
Fintech firms could help under-served customers through a “digital identity”, which will allow banks to identify customers without them having to visit branches in person
South African central bank puts cyber security on strategic agenda
Sarb says it has put “base infrastructure” for security incident technology in place
Sarb should adopt mid-point in inflation target band – IMF
Inflation expectations could be lowered with the explicit adoption of a mid-point at an “opportune time”, fund says
Sarb says blockchain project exceeds expectations
System has capability to process twice the number of transactions as the current RTGS system
Rising global debt puts pressure on emerging markets, says Mminele
Sarb deputy notes a strengthening dollar puts emerging markets with large dollar liabilities at risk
US ‘normalisation’ should be manageable for emerging economies – Powell
Turkey and Argentina grapple with weaker currencies as US Treasury yields rise
Central Banking Awards 2018: Gallery
See the winners from the big night, including leading figures from across the industry who came to pick up their awards
Short-selling behaviour can cause financial instability – Sarb report
Short-selling of Capitec Bank stock could have caused financial instability, Sarb says, but quick action stemmed crisis
Kganyago on central bank independence and future plans for the IMFC
The South African Reserve Bank governor spoke with Christopher Jeffery at the Central Banking Awards about the South Africa’s new president, the importance of operational independence and key targets for the IMFC
BoE to provide ‘tailored’ assistance to African counterparts
UK central bank to share expertise with counterparts in South Africa, Sierra Leone and Ghana, as part of wider initiative to support African economies
Independent investigator appointed in South Africa’s VBS Bank saga
Central bank reveals $74 million shortfall at troubled commercial bank following KPMG’s admission of misconduct
South Africa’s ‘twin peaks’ regulatory model goes live
Sarb takes control of prudential regulation and new conduct regulator opens its doors
Sarb alters interest rate forecasts to extend easing
Central bank sees three 25bp hikes between now and 2021