Financial

The address by Lesetja Kganyago, Governor of the South African Reserve Bank (SARB), at the 100th annual Ordinary General Meeting of the SARB shareholders. Issued by SARB Media Relations.

31 July 2020 Press statement on VBS Mutual Bank banking licence The South African Reserve Bank (SARB) has received a number of letters from parties interested in reviving VBS Mutual Bank. The SARB and the Prudential Authority (PA) have and will continue to engage with communities and other interested parties seeking to enter the financial…

Media statement 31 July 2020 Enhancements to the South African Reserve Bank’s open market operations The South African Reserve Bank (SARB) continuously reviews the appropriateness and effectiveness of its open market operations (OMOs), and makes amendments where necessary. Recently, a review of the toolkit for OMOs was undertaken. Based on the review, the following changes…

Press conference to announce the Monetary Policy Committee decision on 23 July 2020 The Monetary Policy Committee (MPC) decision press conference will be held on Thursday, 23 July 2020. The announcement will be broadcast live on SABC3, eNCA, BDTV, CNBC Africa and Newzroom Afrika at 15:00. The conference will be hosted virtually on Zoom and journalists will be…

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…

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…

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…

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…

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,…

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…

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…

  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 [email protected] by Wednesday, 1 November 2017.