Business In The News South Africa

#MTBPS2018: Hands off SA reserve bank, says Mboweni

PARLIAMENT, October 24 – Finance Minister Tito Mboweni on Wednesday pleaded with detractors to stop attacking the independence of the SA Reserve Bank (Sarb). During his maiden medium-term budget policy statement (MTBPS) in Parliament on Wednesday, Mboweni reiterated section 224 (2) of the South African Constitution which guaranteed the independence of the central bank, and […]

Business In The News South Africa

SA rand slips again as EFF introduces Bill nationalize Reserve Bank

JOHANNESBURG, August 17- South Africa’s rand slipped again on Friday and touched the 15.00 mark against the U.S. dollar, the second time this week, as it continues on the slippery slope following the turmoil in Turkey that turned investors against emerging market currencies. The rand’s depreciation on Monday reflected weakness in the Turkish lira in the […]