South Africa
Sarb makes fresh bid to revive output
South Africa Reserve Bank cuts rates by 50 basis points in bid to boost output; analyst says policy subscribed will have little impact on supply side
Rand volatility a by-product of open economy: Sarb’s Mminele
South African Reserve Bank deputy governor Daniel Mminele says currency fluctuations are to be expected; stresses opposition to fixed exchange rate, dropping inflation targeting
Sarb bill passes in parliament’s lower house
South Africa’s National Assembly approves package of amendments edifying central bank law against shareholder machinations
South Africa in fresh attempt to curb rand volatility
Ruling African National Congress will consider short-term capital inflows tax to curb rand volatility, currency’s strength; party questions merits of Sarb’s hard-won inflation targeting regime
Sarb trumps investors in fight to amend law
South African parliamentary committee approves amendments proposed by central bank to protect it from shareholder attack; bill now expected to be signed into law
South Africa’s Gordhan stands up for inflation targeting, flexible rand policies
South African finance minister defends central bank’s key frameworks, lauding benefits to credibility and stability
Interview: Gill Marcus
The governor of the South African Reserve Bank tells CentralBanking.com why reforms can’t be rushed and discusses the role of central banks within society
Naidene Ford-Hoon to head Sarb financial services wing
Accountant Naidene Ford-Hoon replaces Gerrie Terblanche as head of financial services at the South African Reserve Bank
Sarb’s Mokate to exit after not securing new contract
South African Reserve Bank deputy governor Renosi Mokate to leave central bank after her five-year term expires
Sarb defends amendment bill against investor attack
South African Reserve Bank refutes press reports that its defence of amendment bill fell short; maintains that same investors keep causing trouble
Sarb considering market operations overhaul
Deputy governor Daniel Mminele says South African Reserve Bank may make changes after encountering problems towards the end of last year
Mnyande on Sarb’s mandate and financial stability
South African Reserve Bank chief economist cites two biggest financial stability challenges facing central bank
Sarb - Banking Supervision Annual Report (2009)
Sarb banking supervision annual report puts forth proposals on compensation practices to be used in new banking sector legislation
SARB points to pitfalls of exchange rate rigidity
South African Reserve Bank keeps rates flat as inflation outlook remains steady, advisor says exchange rates an important policy tool
Investors’ hold on Sarb to be weakened
South African cabinet approves bill of amendments to central bank law that would disrupt formation of shareholder blocs and enhance corporate governance standards
Capital ratio hikes 'not appropriate' for South Africa
South African Reserve Bank says lenders already hold more than necessary and further hikes will only hit profits; deputy governor Guma flags work on macroprudential framework
Ex-Sarb Governor Mboweni joins Goldman Sachs
Former South African Reserve Bank governor Tito Mboweni becomes the latest former official to join the investment bank
Sarb: prime rate to repo rate spread immaterial
South African Reserve Bank paper finds the spread between its repo rate and the prime rate has no real implications for policy
SARB’s Marcus reminds shareholders of responsibilities
South African Reserve Bank governor Gill Marcus says shareholders who try to profit from their stock ignore the greater good of the country
SARB will not be nationalised: Treasury
South African finance minister Pravin Gordhan dismisses talk of placing the central bank under state ownership, condemns shareholders’ tactics to force state takeover
South Africa’s Marcus strikes back at “misleading distortions”
South African Reserve Bank governor Gill Marcus rebuffs report that she had branded calls for nationalising the central bank “nuts”
Ex-Sarb’s Mboweni to chair AngloGold Ashanti
Former South African Reserve Bank governor Tito Mboweni appointed chairman of gold mining company
Balance sheet policy and money market liquidity: SARB paper
South African Reserve Bank paper says balance sheet policy must be thought of in the same way that interest rates are regarded
SA finance minister flip flops on inflation targeting
South Africa’s Pravin Gordhan says inflation-fighting approach to be “totally different” days after pledging to keep Reserve Bank’s monetary-policy mandate unchanged