Credit rating agency Moodys Investors Service has downgraded South Africa’s credit rating one notch from Baa1 to Baa2, while also revising the credit outlook from negative to stable, said National Treasury. Moody’s decision keeps South Africa’s rating in investment...
The South African Reserve Bank (SARB) says while it has taken note of rating agency Moody’s decision to downgrade Capitec Bank Limited, it does not agree with the decision. Two reasons were given for the rating action: a lower likelihood of sovereign systemic support...
The South African Reserve Bank (SARB) has fined the country’s big four banks R125 million collectively, it said on Wednesday. “In terms of the Financial Intelligence Centre Act (FICA), the SARB is mandated to supervise and enforce banks’ compliance with FICA to ensure...
Pretoria – Head of Research at the South African Reserve Bank, Rashad Cassim, says rising inflation is a challenge for the central bank. “It is the origin of emerging inflationary pressure that remains the most challenging for the Monetary Policy...
Pretoria – Reserve Bank Governor Gill Marcus, the bank’s deputy governors, together with the bank’s board members – have decided to forgo salary increases in 2013 – given the global economic outlook, said the central bank. “In response to the...
