Browsing: Sarb

South Africa’s central bank chooses to call digital currencies such as bitcoin “cyber-tokens” because they don’t meet the requirements to be classified as money. “We don’t use the term ‘cryptocurrency’ because it doesn’t

South Africa’s inflation rate slowed in January, easing pressure on the central bank to maintain a tight monetary stance. Inflation slowed to 4.4% from 4.7% in December, Statistics South Africa said Wednesday in

A stronger rand and falling inflation expectations may allow South African Reserve Bank governor Lesetja Kganyago to start cutting interest rates this year as long as political developments don’t derail the currency’s gains. Higher commodity prices and