SARB releases the Financial Stability Review
The South African Reserve Bank today released the First Edition of the Financial Stability Review 2020. The presentation and the publication can be viewed and downloaded below.
The impact of COVID-19 on economic statistics released by the South African Reserve Bank
The impact of COVID-19 on economic statistics released by the South African Reserve Bank The Economic Statistics Department of the South African Reserve Bank (SARB) has always met its statistical commitments regarding original release schedules, in accordance with the International Monetary Fund’s Special Data Dissemination Standard. However, the COVID-19 pandemic has had an impact on…
Monetary Policy Statement, 21 May 2020
Statement of the Monetary Policy Committee Assumptions Forecast Repo fan
COVID19 Loan Guarantee Scheme Questions and Answers
As a result of the novel coronavirus and the steps taken to curb its spread, many businesses face a significant loss of income. In this context, government is partnering with commercial banks to provide financial support to small and medium-sized firms to enable them to meet their operational needs over the next few months. On…
Government’s Response To The Moody’s Downgrade
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Moody’s Downgrades South Africa’s Ratings
Paris, March 27, 2020 — Moody’s Investors Service, (“Moody’s”) has today downgraded the Government of South Africa’s long-term foreign-currency and local-currency issuer ratings to Ba1 from Baa3. The outlook remains negative. The key driver behind the rating downgrade to Ba1 is the continuing deterioration in fiscal strength and structurally very weak growth, which Moody’s does…
Top 10 Benefits of Business Planning
BY DANIE BEZUIDENHOUT 2020 VISION entails a detailed Business Plan The business plan helps a company to derive its advantages and maximise benefits out of them. It creates a clear and concise “roadmap” to follow and should include the following top benefits: Help the Company to formulate its objectives and goals clearly. The company formulates…
Tips for Negotiating Business Funding
BY DANIE BEZUIDENHOUT You can’t start or grow your business without funding. Unfortunately, applying for and getting a business loan isn’t a fast or stress-free experience. Applying for a loan is one of the most crucial steps for any business owner. To give yourself the best chance of getting approved, follow these tips for negotiating and…
Business Partners recognised for Innovations in Small Business Lending
The Netherlands, 11 October 2019: Business Partners Limited was named Gold winner in the SME Bank of the Year – Africa category at the Global SME Finance Forum Awards on October 7. Business Partners Limited – one of Africa’s leading business loan and equity providers – has successfully developed one of the world’s most innovative…
The SARB Announces a Partnership with UCT to Host the Research Chair in Financial Stability Studies
Press statement 04 December 2018 – The South African Reserve Bank (SARB) is pleased to announce a partnership with the University of Cape Town (UCT) to host the Research Chair in Financial Stability Studies. Professor Co-Pierre Georg will chair the portfolio, which will be housed within the African Institute of Financial Markets and Risk Management,…
Sub Saharan Africa – Regional Economic Outlook
Its always important to know what the other countries in Africa are doing and their outlook regarding RSA and the Sub Sahara Economic outlook. This has an impact on your business. Please find the IMF Sub Saharan Africa – Regional Economic Outlook report below, for your information and reference. Please read and offer comment and…
International Monetary Fund: Preliminary Findings
Kindly note the following link regarding preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), for your information and reference. Comments are welcome. https://www.imf.org/en/News/Articles/2018/11/16/ms111918-south-africa-staff-concluding-statement-of-an-imf-staff-visit
Tax Ombud Fair Play Issue 9
Here is the 9th issue of Fair Play, Office of the Tax Ombud’s external newsletter which aims to keep you updated with pertinent and latest developments in the OTO and in the tax recourse sphere. This latest issue of Fair Play is themed “You have the right to be treated fairly by SARS” and it provides insights…
FX At A Glance Nedbank CIB
Tactical view: We still look for a pull-back in the rand from these overextended levels, closer to the R14.50- 14.20 region. Strategic view: We believe tighter global financial conditions are negative for the carry-trade, leaving the rand vulnerable. Read the report below (If you don’t see the document, please try refreshing your browser)
5 Reasons Why Moody’s Gave SA a Ratings Breather
From Fin24: 5 Reasons Why Moodys Gave SA a Ratings Breather Mar 24 2018 09:17 Tehillah Niselow Johannesburg – In a late night ratings review, Moody’s Investor Services affirmed South Africa’s long term foreign and local currency debt ratings at ‘Baa3’ and revised the outlook to stable from negative. This ended three months of the country…
Nedbank – Ratings Actions November 2017
Key points S&P Global has downgraded the South African long‐term local currency sovereign credit rating to subinvestment grade BB+ (stable outlook) from BBB‐ and the long‐term foreign currency sovereign credit rating to BB (stable outlook) from BB‐. This followed the earlier foreign currency debt downgrade to junk status in April. Moody’s has left its equivalent…
Medium-Term Budget Policy Statement Provides an Honest Perspective on the Grave State of our Public Finances
Date: 25 October 2017 The Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Malusi Gigaba, today, is an honest reflection of the grave state of our public finances but lacks sufficient detail to bring confidence and greater certainty to the economy, Business Unity South Africa said today. “We welcome the acknowledgement by the Minister…
Financial Stability Forum
The South African Reserve Bank invites you to the Financial Stability Forum that coincides with the release of the latest Financial Stability Review. Kindly complete the attached form and RSVP toSharlay.Madalane@resbank.co.za by Wednesday, 1 November 2017.
SEFA Engagement Session
FCCI & RCCI are hosting an engagement session with SEFA (the Small Enterprise Finance Agency) on Thursday 31st August 2017. The aim of the session is to engage the Gauteng Business Community and to open lines of communication. A wealth of information will be shared on how business owners can raise their business profile and…
R100 For A Loaf Of Bread
If you lived in New York, you’d be paying $7.95 – R100.43 – for a loaf of bread, according to the Worldwide Cost of Living report recently released by The Economist Intelligence Unit. However, petrol would be costing you only $0.61, or R7.70 per litre. The report explores the cities with highest and lowest cost…
V.A.T. Increase Is One Option For Plugging The Country's Revenue Shortfall
The head of EY’s Africa tax practice has called for the finance minister to be bold and increase the Value Added Tax (VAT) rate by two percentage points in February’s budget, arguing that some large companies have long been readying themselves for the costly exercise of changing systems to accommodate a higher rate. Africa tax…
Statement of the Monetary Policy Committee – 24 January 2017
Please find below the Statement from the Reserve Bank Governor regarding the Monetary Policy Committee deliberations. Points to note are: The Repo rate remains unchanged at 7% The prime lending rate also be unchanged at 10.5% Headline inflation is expected to average 6.2% in 2017, compared with a previous forecast of a 5.8%
Free Pricing Strategy Training & Pastel Partner v.17 Preview
FINAL REMINDER LIMITED SPACE BOOK NOW 4th NOVEMBER FREE Do you know how your pricing strategy affects the success of your business? A 1% price increase could typically deliver an 11% impact on profit. We invite you to join us for a session on key pricing techniques for your business by Viresh Harduth – Former…
The South African Chamber of Commerce and Industry (SACCI) Response To The MTBPS
Media Statement 26 October 2016 The South African Chamber of Commerce and Industry (SACCI) Response To The MTBPS The South African Chamber of Commerce and industry (SACCI) welcomes the announcement of the Medium-Term Budget Policy Statement (MTBPS) delivered by the Honourable Minister of Finance Mr. Pravin Gordhan, MP. We note with…
Mini Budget 2016: Read Pravin Gordhan’s full speech
Pravin Gordhan’s full Mini Budget speech. Despite all the turbulence, Gordhan is continuing to do an excellent job. Look out for fresh info on the Nuclear Project – and Gordhan’s swipe at Eskom’s Brian Molefe on Renewable Energy which he supports as a sound programme “despite the views of some”. A great read especially if…
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