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Stop the impractical promises to SA and start with painful trade-offs, Kganyago says

SA's policymakers need to stop making promises to society that government can't live up to, and instead there must be difficult and painful decisions to prioritise spending, according to SA Reserve Bank Governor Lesetja Kganyago ....

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Private-sector credit remains constricted

Private-sector credit remains constricted
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GROWTH in private-sector loans remained in contractionary territory for the fourth consecutive month in June as corporates reduced taking credit on Covid-19 induced activity.
Data from the SA Reserve Bank (Sarb) yesterday showed private sector credit fell by 0.5 percent year-on-year in June, following a 0.42 percent decline in May.
This decline in private sector credit extension was worse than expected as it missed the market consensus of a 0.4 percent gain.
The Sarb said the decline was primarily due to corporate credit, which has been subdued, recording no monthly growth for the third consecutive month in June. ....

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SA Reserve Bank puts public on red alert over banknotes...

SA Reserve Bank puts public on red alert over banknotes...
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.

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Youth-led entity frontrunner to buy Sarb's stake in African Bank

Youth-led entity frontrunner to buy Sarb's stake in African Bank
citizen.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citizen.co.za Daily Mail and Mail on Sunday newspapers.

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There is a lot less fake money in SA – but that probably won't last

There is a lot less fake money in SA – but that probably won't last
businessinsider.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.co.za Daily Mail and Mail on Sunday newspapers.

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