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Reserve Bank raises interest rates by 25 basis points to 6%

Reserve Bank Governor Lesetja Kganyago on Thursday announced an increase in borrowing costs of 25 basis points to 6 percent. ... Full story

S.Africa’s repo rate stays 5.75 percent

The repo rate will remain unchanged at 5.75 percent, SA Reserve Bank governor Lesetja Kganyago said on Thursday. ... Full story

South Africa’s economy to grow by 2%

Tabling the 2015 Budget in the National Assembly on Wednesday, Finance Minister Nhlanhla Nene projected South Africa’s economy to grow by 2% in 2015, a downward revision from October’s mini budget. ... Full story

Highlights of South Africa's Budget Speech 2015

Highlights of the South African National Budget Speech 2015/16 delivered by Finance Minister Nhlanhla Nene to Parliament on Wednesday, Cape Town. ... Full story

Full text of SA's Budget Speech 2015

Read full text of Finance Minister Nhlanhla Nene's national budget speech 2015-16, presented in the National Assembly, Cape Town on Wednesday. ... Full story

Rand weaker ahead of Zuma's State of the Nation Address

South Africa's rand inched lower against the U.S. dollar on Wednesday as investors held-off bets and took in profits ahead of President Jacob Zuma's State of the Nation Address (SONA) on Thursday evening at 7pm. ... Full story

Stable interest rate positive start for SA’s property sector

The Monetary Policy Committee (MPC) of the South African Reserve Bank (Sarb) on Thursday decided to retain the repo rate at 5.75%, in what could be interpreted as a positive start for the country's property market. ... Full story

Rand stages recovery after Lesetja Kganyago appointed new SARB Governor

The appointment of Lesetja Kganyago as the new Reserve Bank governor added a positive tone to the market, with the rand staging recovery at midday on Monday as the rally in the dollar eased. ... Full story

Reserve Bank Governor Gill Marcus steps down

With the announcement that the South African Reserve Bank left the repo rate unchanged at 5.75%, Governor Gill Marcus said on Thursday she would be standing down on November 8 at the end of her five-year term. ... Full story

A sigh of relief as Reserve Bank retains repo rate at 5.75%

South Africans can breathe a sigh of relief as the Reserve Bank decided to leave the repo interest rate unchanged at 5.75% on Thursday, saying the domestic growth outlook had deteriorated further. ... Full story

Unemployment surges while business confidence plunges

South Africa's Business confidence fell 87.9 in July the lowest level since September 1999, said the South African Chamber of Commerce and Industry (Sacci). ... Full story

Reserve Bank hikes Repo Rate to 5.75%

South African Reserve Bank (SARB) governor Gill Marcus decided to raise the repo rate by 25 basis points, taking it to 5.75%, following a three-day meeting with the Monetary Policy Committee (MPC). ... Full story

Infrastructure deficit threatens SA’s economic growth

One of the issues that remains a perpetual bugbear in South Africa, is the government’s ambitious but slow infrastructure spending programme to unlock the country’s economic growth potential. ... Full story

Tougher year ahead for South African economy

South African Reserve Bank Governor Gill Marcus says emerging markets will be faced with a difficult year ahead due to global economic contractions. ... Full story

Reserve Bank vows Recession is not likely

South African economy is unlikely to fall into a recession, the Reserve Bank said in its Monetary Policy Review released on Tuesday that economic growth would be likely to improve in the second quarter, although it would be modest. ... Full story

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