Sasfin fires employees implicated in money-laundering investigation
The South African Reserve Bank intends to impose sanctions for alleged contraventions of FICA, the Exchange Control Regulations, and the Banks Act.
South African Reserve Bank
Sarb governor says ‘naughty local governments’ are driving inflation
South African Reserve Bank Governor Lesetja Kganyago unpacks the risks to inflation and the country’s ability to surmount them.
Insurance group goes to High Court to challenge debit order reversals
Clientèle wants the Payments Association of South Africa to change its rules so that it can contest a debit order reversal.
Opposition MPs criticise Sarb for ‘narrow’ Phala Phala investigation
Bringing foreign currency into the country is regulated by the customs and excise legislation and falls under Sars, Kganyago tells MPs.
Constitutional Court dismisses Sharemax adviser’s appeal
The High Court was asked to rule on whether the clients’ financial loss was caused by breach of agreement or the Reserve Bank’s intervention.
Interest rates: the Sarb will not bow to political pressure
A 200 basis point cut in the repo rate will lead to the rand plunging by between 12% and 15%, putting upward pressure on inflation through more expensive imports.
Here are the details of the government’s loan scheme for solar energy
Businesses and households can apply for both the renewable energy tax breaks and the Energy Bounce Back Loan Guarantee Scheme.
CMS releases guidelines on medical scheme increases for 2024
Members must be protected from further financial distress and the risk of losing their health insurance, the regular says.
South African banks are not the culprits as portrayed
The banking sector is one of the few pillars standing in a country that is effectively under business rescue after imploding from state capture.
PA and Sarb apply for the final liquidation of Habib Overseas Bank
The curator finds there are no reasonable prospects that the bank can be rehabilitated as a going concern.
SA investment managers are the most bullish on bonds since 1999
Fund managers believe the economy and inflation are heading in the right direction, according to a Bank of America survey.
Keeping it real-time: adoption rate of digital payment service PayShap ticks up
PayShap adoption takes another leap forward as Discovery joins banks offering the real-time digital payment service to their clients.
Judgment sends a warning about abusing the R1m offshore allowance
High Court rejects argument that a person can use the allowances of other individuals because the transfers were approved by an authorised dealer.
SA at risk of becoming a failed state if the economy isn’t turned around soon’
Incoming Nedbank chairperson says ‘we are already on borrowed time’.
FIC issues guidance note on electronic funds transfers
How accountable institutions must apply the SA Reserve Bank’s directive of 2022.
Latest repo rate hike improves SA’s attractiveness for investors
Domestic interest rates are one of the most important drivers of foreign capital flows into the country.
How SA’s insurance scheme for bank deposits will work
Secondary legislation is required for the Corporation for Deposit Insurance to become operational in 2024.
