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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The constitutional court on Tuesday reserved judgment in the South African Reserve Bank’s application for leave to appeal a supreme court of appeal judgment in favour of billionaire technology entrepreneur Mark Shuttleworth
The supreme court of appeal is expected to hear an appeal by billionaire businessman Mark Shuttleworth against a R250m levy imposed by the South African Reserve Bank, the Sunday Independent reported. Shuttleworth would on Thursday argue against the decision by
The South African Reserve Bank has introduced new security features on the Mandela bank notes, it said on Friday. “Enhancing features on banknotes is an ongoing process to maintain the highest level of quality and security,” Reserve Bank governor Gill Marcus said in a statement. “This is in line with international best practice