Bank & Finance

Jul 24, 2017
South Africa's rand extended gains against an ailing dollar on Monday, as U.S. political ructions pushed the greenback close to a 13-month low against a basket of major currencies. At…
Jul 18, 2017
Madagascar has appointed Vonintsalama Andriambololona as the new minister of finance and budget, a statement from the presidency said on Tuesday, a day after the previous minister resigned, citing a…
Jul 18, 2017
South Africa's Reserve Bank is expected to leave interest rates unchanged at its July 20 meeting, according to a Reuters poll released on Monday, but economists expect a dovish statement…
Jul 17, 2017
Madagascar's finance minister announced his resignation on Monday following media speculation over differences of opinion between him and the president. "The conditions enabling me to successfully complete my mission are…
Nov 30, -0001
Zimbabwe’s Steward Bank has suspended payments to the pay-TV subsidiary of South Africa’s Naspers, citing unavailability of foreign currency, in a sign that dollar shortages are worsening in the southern…
Jul 11, 2017
South Africa's rand weakened against a surging dollar early on Tuesday as investors awaited cues on the path of interest rate hikes in the United States ahead of Federal Reserve…
Jul 06, 2017
Inflation targeting has its flaws but is "the least bad option" for South Africa as monetary policy should be used to create price stability, central bank deputy governor Kuben Naidoo…
Jun 28, 2017
South Africa's competition watchdog denied on Wednesday withdrawing charges against some of the 14 banks accused of rigging the rand currency, its spokesman said. Bloomberg reported late on Tuesday that…
Jun 23, 2017
What kind of financial system is sure to collapse if the central bank cares about people’s well-being? The recommendation by South Africa’s Public Protector that the Reserve Bank’s mandate change,…
Jun 20, 2017
 South Africa's central bank said on Tuesday a recommendation by the Public Protector to change the constitution to promote growth was unlawful and would hit the regulator's independence by stripping…
Jun 20, 2017
South Africa's anti-graft watchdog on Tuesday defended her recommendation that the central bank's mandate of maintaining currency and price stability be changed, saying the bank should act in the interests…
Jun 10, 2017
The African Development Bank (AfDB) and the Governors of Central Banks in Africa have resolved to strengthen cooperation on a range of issues to curb illegal financial outflows, bolster measures…
Jun 08, 2017
South Africa's central bank is wary of cutting interest rates to support economic growth until it is convinced an improved inflation outlook can be sustained, monetary policy committee member Brian…
Jun 05, 2017
Barclays Africa PLC has reduced further its stake in Barclays Africa Group Limited to 16.4%, following the sale of some 285,691,979 Barclays Africa ordinary shares at a price of R132…

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