Lesetja Kganyago

Cape Town, South Africa — The government of South Africa has announced a new inflation-target framework, narrowing the range to a midpoint of 3 % with a tolerance…

South African consumers were dealt another financial blow on Thursday as the South African Reserve Bank (SARB) decided to keep the country’s repurchase rate unchanged, offering no relief…

Reserve Bank Governor Lesetja Kganyago has strongly cautioned against approaching the International Monetary Fund (IMF) for financial backing.

South African Reserve Bank (SARB) Governor Lesetja Kganyago says he will fight to protect the central bank’s independence if it is jeopardised by plans to bring it into…

JOHANNESBURG - President Cyril Ramaphosa has re-appointed central bank governor Lesetja Kganyago for another five-year term when his current term expires in November, the finance ministry said on…

JOHANNESBURG - Those of us with debt can breathe a little easier after the Reserve Bank decided to keep the repo rate unchanged.

The MPC has decided to increase the repurchase rate by 25 basis points to 6.75% per year, effective from 23 November 2018. pic.twitter.com/pQ82N17vRJ

South Africa’s Reserve Bank will probably talk tough on taming rising consumer prices but choose to leave the repo rate unchanged next week to give the economy a…

PRETORIA - South Africa’s central bank trimmed its benchmark repo rate to 6.5 percent on Wednesday, in another boost for the economy after ratings agency Moody’s left the…

Pretoria - The members of the International Monetary and Financial Committee (IMFC), the policy advisory committee of the Board of Governors of the International Monetary Fund (IMF), have…