Browsing: South African Reserve Bank

Crypto arbitrage firm Kastelo says every client watched a compulsory video and signed a mandate before any offshore trade.

Headline inflation slowed to 4.3% in July, ending four months of acceleration – and beating market expectations.

Brics nations are discussing potential linkages between their fast payment systems and central bank digital currencies.

The rules meant to stop capital leaving have accelerated it, says the co-founder of the country’s first rand stablecoin.

The Competition Commission has recommended approval of Capitec’s R400-million Walletdoc acquisition subject to conditions.

Barring South African companies from moving crypto assets across the country’s borders will backfire, VALR has warned.

Draft Reserve Bank and treasury rules would ban companies from moving crypto across the border, in either direction.

Exchange control rests on a 1960s view of money. It now restricts freedom, not capital flight, writes VALR CEO Farzam Ehsani.

Inflation rose by less than expected in May, which analysts said reduced the likelihood of another interest rate hike.

Inflation hit 4% in April as the Iran war lifted fuel costs, prompting the Reserve Bank to tighten monetary policy.