In light of recent developments on the sides of both the South Africa Revenue Service (“SARS”) and the South African Reserve Bank (“SARB”), the regulatory burden for the cross-border flow of funds, resulting from transactions concluded between South African residents and foreign parties, has been significantly eased.
Only 500 commemorative R10 coins have been produced before – but one SARB official believes ‘it makes financial sense’ to bring more into circulation.
The SARB and National Treasury says that Tokyo Sexwale and his unknown sponsor must provide evidence of funds allegedly deposited.
Tokyo Sexwale treated journalists to a blockbuster press conference in Johannesburg about the WSB Trust on Thursday, 22 April.
Mboweni and the South African Treasury and Reserve Bank rubbished claims made by Tokyo Sexwale about a secret fund that is being stolen from.
The SARB gave an ominous assessment of the potential implications of SA’s economic recovery plan, and are concerned about rising debt.
The Monetary Policy Committee has resolved to leave the repo rate unchanged at 3.5% as inflation is expected to remain contained.
The last few months have witnessed unprecedented actions from the world’s central bankers. The South African Reserve Bank’s response to the costs of the crisis must be managed with extreme caution.
SARB are reluctant to label this ‘quantative easing’, but their move to buy a number of government bonds signals a dramatic move to help the banks.
SARB says the latest scam involves criminals asking members of the public to hand over their money because it is carrying the coronavirus.
Tito Mboweni has Tweeted himself into trouble once more. He has said the ANC are “wrong” to nationalise SARB – but the party have hit back ferociously.
The South African Reserve Bank has fined five banks for weaknesses regarding their money laundering control measures. Here’s the lowdown.
Public Protector Busisiwe Mkhwebane said there are some investigative challenges in the SARB and VBS saga.
Just 15 hours after President Cyril Ramaphosa blasted Busisiwe Mkhwebane in a televised address, the Public Protector was steamrollered in ConCourt.
The former president wants to ‘remind’ the ANC of what was discussed in 2017…
“Hands off the Reserve Bank” – says Ramaphosa ahead of the repo rate announcement.
Need to bust through the financial jargon? SARB raised the interest rate by 0.25% on Thursday, and this is what you need to know.
The Second Edition of the Financial Stability Review (FSR) focuses on risk analysis, forecasting trends which may trip up the local economy within the next 12 months.
The Hawks, NPA and SARB deputy governor were briefing Parliament’s committee for finance on the VBS Mutual Bank report.
More losses for a firm that was once one of the biggest in South Africa.
Shocking details revealing how Floyd and the EFF may have benefitted from the VBS loot money.
Shivambu remains silent about his brother’s involvement.
South Africa’s economy is operating far below its potential.