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PRETORIA - The South African Reserve Bank (SARB) has announced a reduction in the repurchase rate by 25 basis points to 7.75%, effective from November 22, 2024, as conveyed in a statement by the...
The South African rand strengthened against the dollar today, buoyed by the US Federal Reserve's dovish comments that signaled potential rate cuts in the future. This shift in stance by the Fed has...
Standard Bank Group's CEO, Sim Tshabalala, has publicly refuted claims that the bank was involved in the 2017 Rand-US Dollar manipulation scandal. This statement comes amidst broader accusations of...
JOHANNESBURG - The South African rand has seen a notable appreciation against the US dollar, buoyed by a combination of international and domestic factors. Favorable US inflation data, along with...
The South African rand has experienced a significant rally Tuesday, driven by a combination of US inflation data and shifts in global monetary policy. The currency surged over 2% to R18.22/$ amid a...
South Africa's impending Expropriation Bill, which supports expropriation without compensation (EWC), is facing significant backlash due to potential threats it poses to private property rights. The...
Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, during a pre-budget parliamentary seminar today, urged that the forthcoming 2024 budget should align with current fiscal and monetary...
Global equity markets, symbolized by the MSCI World, have marked their third consecutive month of decline as of October 2023, dropping by 2.9% month-on-month and nearly 10% since the end of July. This...
South Africa is set to receive a $1 billion Development Policy Loan (DPL) from the World Bank, aimed at reducing the country's coal reliance and promoting a transition to a low carbon economy. The...
The International Monetary Fund (IMF) has expressed concerns over the Reserve Bank of Zimbabwe's (RBZ) quasi-fiscal operations, urging the country to terminate these activities that previously led to...
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