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The South African Reserve Bank (SARB) is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial conditions which World War I had brought.
Lesetja Kganyago (born 7 October 1965) is a South African economist and central banker. He is the Governor of the South African Reserve Bank (SARB). [1] He was appointed to that post on 6 October 2014, by Jacob Zuma, the former President of the Republic of South Africa (RSA). [2]
The central bank held rates steady in the range of 4.25%-4.5% at its last policy meeting on Jan. 29 after cutting rates for three consecutive meetings at the end of 2024.
The South African Rugby Board was the rugby union governing body of white South Africans between 1889 and 1992. The governing of white and coloured rugby union was handled separately during South Africa under Apartheid.
Federal Reserve officials on Friday said the U.S. job market is solid and noted the lack of clarity over how President Donald Trump's policies will affect economic growth and still-elevated ...
Trump said over the weekend that starting Tuesday he planned to levy 25% tariffs on all Mexican and Canadian goods (except for a lower 10% tariff on Canadian oil imports) and a 10% tariff on China.
The South African Reserve Bank shredded 3.6 million 100-rand banknotes printed by Crane Currency because they had the same serial numbers as a batch printed by the South African Bank Note Company. In addition, the notes printed in Sweden were not the correct colour and were 1mm short. [39]
Chicago Federal Reserve president Austan Goolsbee told Yahoo Finance Friday that the central bank 'may be on hold' for now, but he still sees interest rates moving lower over the 'next 12-18 months.'