Inflation has fallen below the Reserve Bank’s target ceiling for the first time in 14 months.
Browsing: Kuben Naidoo
The Reserve Bank is working on a contingency plan to ensure the country’s payments system remains in operation in the event Eskom’s electricity grid collapses.
The South African Reserve Bank is set to bring cryptocurrencies into the regulatory oversight of the Financial Sector Conduct Authority.
Regulation of crypto assets might come into force within the next nine to 15 months, said Reserve Bank deputy governor Kuben Pillay.
South Africa is moving with more urgency to stiffen oversight of cryptocurrency assets after a proliferation of scams.
South African banks face the steepest earnings slump in half a century – with some posting losses – as measures to curb the coronavirus drag the economy deeper into recession.
Removing policy uncertainty in South Africa, allocating new broadband spectrum and changing visa regulations could immediately boost the country’s flagging economy, Reserve Bank deputy governor Kuben Naidoo said.
South Africa will strive to allow competition into its banking system in a way that won’t threaten the stability of the industry as more and more entrants seek to rival the nation’s biggest lenders.
South Africa’s biggest bank heist took place without a single shot being fired.
South Africa’s inflation rate fell in May as food prices rose at the slowest pace since 2013, reducing chances that the central bank will increase interest rates later this year. Consumer prices climbed 4.4% from a year