The Reserve Bank held its repo rate at 6.75% as the Iran war threatens to push inflation sharply higher.
Browsing: Lesetja Kganyago
A sharply weaker rand and surging global chip prices are set to push tech costs sharply higher in South Africa.
The rand has tumbled below R16.90/$ as investors dump risk assets amid the unfolding crisis in the Middle East.
As public finances begin to steady, a digital backbone for future growth is taking shape in South Africa.
The Reserve Bank has released a position paper outlining how it intends modernising the payments ecosystem.
Montegray Capital chairman Michael Jordaan said this week that South Africa has more important short-term priorities.
DA federal chair Helen Zille is bullish about bitcoin but has said it shouldn’t be used in South Africa’s strategic reserve.
“Why don’t we hold strategic beef reserves, or mutton reserves, or apple reserves? Why bitcoin?” the Reserve Bank governor said.
The rand has further room to strengthen if government pushes ahead with reforms: Reserve Bank’s Lesetja Kganyago.
The South African Reserve Bank cut its main interest rate for the first time in more than four years on Thursday.