HSBC’s Johannesburg branch has had its banking authorisation withdrawn following its planned exit from South Africa, but international wholesale clients retain access through HSBC channels to accounts transferred…
by Staff WriterSouth Africans could face another electricity increase of almost 9% next year, extending a run of above inflation tariff increases despite Eskom promising to keep future increases in…
by Staff WriterDebit order rules in South Africa are set to change from April 2026 as part of broader reforms aimed at strengthening consumer protection and reducing fraud in the…
by Staff WriterSouth African Reserve Bank Governor Lesetja Kganyago announced on Thursday that the Monetary Policy Committee (MPC) has decided to reduce the interest rate by 25 basis points, citing…
by Staff WriterThe new R100 banknote that was launched by the South African Reserve
by Thabo MasimulaThe South African Reserve Bank’s composite leading business cycle indicator fell by 0.4% month-on-month in June. The largest negative contributions to the movement in the composite leading business…
by Staff WriterThe South African Reserve Bank is forecasting another contraction in GDP in the first quarter of this year largely due to electricity supply constraints and a strike in…
by Staff WriterThe Office of the ANC Chief Whip in Parliament Jackson Mthembu says the ANC caucus will engage and scrutinise the EFF’s proposed amendments to the Reserve Bank Act…
by Staff WriterSouth Africa’s rand plunged more than 10% to a 2-year low against the dollar early on Monday and government bonds weakened sharply as a renewed rout in the…
by Staff WriterSouth 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…
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