South African Reserve Bank (Sarb) governor Lesetja Kganyago has announced an expected 25 basis point hike in interest rates to 7% to help keep inflation in check. This was after the Sarb’s monetary policy committee decided to hike the repo rate by 50
In the second interest rate hike for the year, the South African Reserve Bank’s monetary policy committee hiked the repo rate to 6,25%, governor Lesetja Kganyago announced on Thursday
The South African Reserve Bank’s monetary policy committee hiked the repo rate by 25 basis points to 6%/annum, effective from 24 July 2015, its governor Lesetja Kganyago announced on Thursday. Banks will raise their prime lending and variable mortgage
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A R250,5m exit levy charged to billionaire Mark Shuttleworth when he transferred his assets out of South Africa in 2009 was “not inconsistent with the constitution”. This is according to a judgment handed down
Billionaire Mark Shuttleworth has lost a battle in the constitutional court with the South African Reserve Bank over a R250,5m levy dispute. Last year, the supreme court of appeal
On 21 May, South Africans will get to hear telecommunications & postal services minister Siyabonga Cwele deliver his second budget vote speech. It will be a report card for a minister who has been in the role for precisely a year. He is unlikely to
Mark Shuttleworth will give away the more than R250m the South African Reserve Bank must have him following a bruising battle at the supreme court of appeal in Bloemfontein. The Internet billionaire said in a blog post on Wednesday that he will commit all the funds returned to him
The South African Reserve Bank must pay Mark Shuttleworth R250,5m plus interest after the Internet billionaire won a high-profile case at the supreme court of appeal in Bloemfontein. According to a report on technology website
South African technology firms and other companies can now transfer intellectual property (IP) offshore thanks to a relaxation of exchange control regulations in this regard. One of challenges that private companies in South Africa have faced is their inability to tap into international venture capital markets, with the main obstacle being
