LAGOS - Nigeria's central bank on Tuesday hiked its main lending rate by 150 basis points to 15.50% , its highest level yet and more than forecast, forging…
by Staff WriterJOHANNESBURG - South Africa's central bank said on Tuesday a recommendation by the Public Protector to change the constitution to promote growth was unlawful and would hit the…
by Staff WriterJOHANNESBURG - South Africa's anti-graft watchdog on Tuesday defended her recommendation that the central bank's mandate of maintaining currency and price stability be changed, saying the bank should…
by Staff WriterJOHANNESBURG - Cutting interest rates is not the answer to dragging South Africa's economy out of recession because deep economic weakness and political turmoil need to be addressed…
by Staff WriterPRETORIA - South Africa's central bank on Monday warned that the recent cabinet reshuffle that saw the finance minister fired and the country's credit relegated to "junk" could…
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