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gill marcuslatest news & developments
Reserve Bank governor Lesetja Kganyago. File photo

Will Lesetja Kganyago surprise markets with interest rates decision?

The Reserve Bank’s decision to hike or not to hike interest rates is most acutely felt in this segment of society, people who are first-time home or vehicle buyers and more often…

Lesetja Kganyago, governor of South Africa’s central bank. (Waldo Swiegers/Bloomberg via Getty Images)

Hawkish Reserve Bank sees South Africa edge towards a rates hike

Analysts say the Reserve Bank could start tightening monetary policy as early as next month

Matjila further shrugged off allegations of favouritism against him and the PIC’s former chief financial officer and now suspended acting CEO, Matshepo More. (David Harrison/M&G)

Matjila: I was under immense political pressure to fund various companies

Former PIC CEO testifies that the asset manager was persuaded by influential people, including senior political figures, to fund companies

Gungubele was the first witness to appear before the PIC commission on Monday following the commission’s two week hiatus. (Delwyn Verasamy/M&G)

Politicians on the board of the PIC do not expose it to undue influence — Gungubele

The deputy finance minister does not believe that having a politician on the board exposes the institution to political interference

In July 2018, Manning stepped down as a non-executive director of the PIC reportedly in protest over the board chairperson’s decision to not oppose a court application calling for Dan Matjila’s removal. (David Harrison/M&G)

PIC commission to hear from a former board member

Claudia Manning will be speaking for the first time since she stepped down from the PIC

PIC chief executive Dan Matjila may retain his post as previous charges bought against him no longer apply. (David Harrison/M&G)

Ramaphosa appoints commission of inquiry into alleged PIC ‘improprieties’

The president has instituted a commission to probe allegations of irregularities at the PIC in hopes of ensuring its ‘sound financial management’

The ANC’s top six, including Magashule, stepped back from the statement the secretary general issued on a review of the mandate of the central bank on Tuesday which led to the row. (Alet Pretorius/Gallo)

Reserve Bank asks police to probe secrecy breach

The bank is concerned that a former director – a Holocaust denialist – has betrayed confidentiality with "scurrilous allegations" in his book.

New governor designate of the SA Reserve Bank

Tough task awaits new Reserve Bank boss Lesetja Kganyago

New governor designate of the SA Reserve Bank, Lesetja Kganyago, will have to deal with steadily rising inflation and lacklustre economic growth.

Lesetja Kganyago. (File photo/MG)

Lesetja Kganyago named new Reserve Bank governor

Current deputy governor Lesetja Kganyago has been appointed as Gill Marcus’ replacement when her term as head of the bank ends in November.

Former Reserve Bank Governor Gill Marcus.

Marcus will be a hard act to follow

There are capable candidates who could replace her, although choices outside the bank are thin.

The Monetary Policy Committee’s says it was mindful of the anaemic state of the economy when deciding to leave rates unchanged.

Domestic outlook weak as repo rate remains unchanged

The Monetary Policy Committee’s says it was mindful of the anaemic state of the economy when deciding to leave rates unchanged.

Marcus to step down as Reserve Bank Governor

Gill Marcus said she will step down from her post when her term ends in November, leaving room for one of her deputies to succeed her.

Reserve Bank governor Gill Marcus may – or may not – hike interest rates.

Jitters over current account deficit

A surprise widening of the current account deficit has been attributed to the high volume of imports and dividend and interest payments.

African Bank splits to isolate loans in Reserve Bank rescue

The Reserve Bank has placed the sinking lender under curatorship in a bid to save investors.

The Monetary Policy Committee’s says it was mindful of the anaemic state of the economy when deciding to leave rates unchanged.

Rand bonds revel as Marcus finesses policy

Bonds are rallying after the Reserve Bank’s hiked rates in an effort to assure South Africans and investors that inflation will not run away.

Gill Marcus warned that monetary policy should not be seen as the growth engine of the economy.

‘Rising inflation and slowing growth’ pushes repo rate up

Reserve Bank Governor Gill Marcus announced an interest rate hike on Thursday, while highlighting strike action and excessive salaries and bonuses.

It will be difficult for the Reserve Bank and its governor

Economists kept guessing on Reserve Bank rate call

Economists are split on whether the South African Reserve Bank’s Monetary Policy Committee will hold or hike interest rates on Thursday.

Economic week ahead: SA repo rate decision

Investors and economists will be eager to hear if the South African Reserve Bank will keep the repo rate on hold at 5.5% on Thursday.

Concern about the spike of unsecured lending in South Africa has resulted in calls for heightened regulation.

SA’s economic growth forecast cut to 2%

The World Bank has revised South Africa’s economic growth forecast from 2.3% to 2% for 2014.

SA’s bad economy is self-inflicted, says Marcus

SA’s economic slowdown is "domestically driven", says Reserve Bank governor Gill Marcus, adding that the country holds the solutions to the problems.