
South Africa’s new inflation target gets its first big test
The Reserve Bank is not ruling out more rate tightening after successive fuel price jumps have revived inflation risks.

The Reserve Bank is not ruling out more rate tightening after successive fuel price jumps have revived inflation risks.

Exchanges say the draft could affect routine crypto use, while one legal analysis questions whether the framework is truly more permissive.

Baseline inflation is seen peaking at 4% in Q2, with scenario analysis pointing to possible rate hikes if second-round effects emerge.

National Treasury releases the draft Capital Flow Management Regulations to replace the Exchange Control Regulations.

The Prudential Authority has withdrawn its liquidation bid after progress on depositor repayments, but Ithala is still unlicensed and cannot resume deposit-taking.

The final circulars implement the March proposals, with only targeted technical refinements following the consultation process.

A sharp market sell-off triggered by the Middle East conflict dented first-quarter returns, but local shares, bonds and property still posted strong 12-month gains.

The Reserve Bank distinguishes between betting activity and losses, highlighting strong growth in online gambling but limited impact on overall household consumption.

A Middle East-driven energy surge is reshaping inflation, interest rate expectations, and portfolio positioning, with direct implications for South Africa.

The proposed changes include higher discretionary allowances, adjustments to cross-border payment limits, and administrative reforms affecting authorised dealers.

The FSCA says Grobler contravened the Financial Markets Act by publishing false or misleading financial statements between 2014 and 2017.

The draft ARP Manual introduces licensing, capital, and AML/CFT obligations for informal remittance providers.

The central bank’s consultation paper outlines a structured transition to policy-rate-based lending, with fallback protections for legacy contracts.

The case focuses attention on how the exchange control framework applies to crypto platforms that facilitate offshore trading through loans.

Regulatory initiatives across payments, digital assets, open finance and embedded finance are expected to progress this year.

The shift from prime to a repo-plus model won’t cut your debt overnight, but it promises more transparent lending.

The Reserve Bank has partially reversed its exchange control changes, removing tax-clearance requirements for some non-resident income flows. However, restrictions on rental income and directors’ fees remain in place.