south african reserve bank (sarb)

  1. Hanno Labuschagne

    MTN wants to launch its own bank

    MTN wants to launch its own bank MTN plans to acquire a banking licence once the South African Reserve Bank (SARB) opens up its national payments system to fintechs and other non-banking entities, Business Times reports. South Africa's second-biggest mobile network operator already supports...
  3. Hanno Labuschagne

    Bloomberg's Shisa Nyama Index shows food inflation resurgence

    Bloomberg's Shisa Nyama Index shows food inflation resurgence Food prices in South Africa are on a tear yet again, underscoring central bank Governor Lesetja Kganyago’s resolve to keep monetary policy tight for longer. The cost of a basket of goods in Bloomberg’s South African Shisa Nyama...
  4. Jan

    Reserve Bank hikes repo rate to 8.25%

    Reserve Bank hikes interest rates by 50 basis points South Africa’s central bank delivered the first back-to-back half-point rate hike since 2008, extending its most aggressive monetary policy tightening cycle in at least two decades. [Bloomberg]
  5. Hanno Labuschagne

    Reserve Bank governor says South Africa must deregulate electricity and transport

    Reserve Bank governor says South Africa must deregulate electricity and transport South Africa’s Reserve Bank Governor Lesetja Kganyago called for sweeping reforms to macroeconomic policies to boost economic growth, and lessen exchange rate volatility and sovereign risk. Proposed changes...
  6. Jan

    South African Minister heads to China to resolve rail impasse

    Gordhan visiting China to handle train delivery mess South African Public Enterprises Minister Pravin Gordhan will travel to China in April to discuss an impasse that’s blocked the delivery of locomotives and spare parts. Gordhan will meet his Chinese counterpart to discuss the failure by a...
    • Jan
    • Thread
    • crrc corporation pravin gordhan south african reserve bank (sarb) transnet
    • Replies: 47
    • Forum: News and Current Affairs
  7. Jan

    BankservAfrica, Reserve Bank, PASA, banks launch PayShap rapid payments system

    PayShap launches in South Africa The South African Reserve Bank (SARB), BankservAfrica, and four prominent banks launched PayShap on Monday, 13 March 2023. The Rapid Payments Programme will go live with the four banks immediately, meaning FNB, Absa, Nedbank, and Standard Bank customers can use...
    • Jan
    • Thread
    • absa bankservafrica first national bank (fnb) nedbank payments association of south africa (pasa) payshap prudential authority (pa) rapid payments programme (rpp) south african reserve bank (sarb) standard bank
    • Replies: 16
    • Forum: Broadband and IT News
  8. Jan

    Food prices hit 14-year high as South Africa power cuts escalate

    South African food price hikes hit 14-year high South African food prices increased at the fastest pace in almost 14 years in January, when the state power company intensified rolling blackouts. Annual food and non-alcoholic beverage inflation quickened to 13.4% from 12.4% in December...
    • Jan
    • Thread
    • eskom lesetja kganyago load-shedding south african reserve bank (sarb) statistics south africa (stats sa)
    • Replies: 75
    • Forum: Broadband and IT News
  9. Jan

    Building regulatory sandboxes and not sand houses - Sifiso Skenjana column

    South Africa must build regulatory sandboxes, not sand houses — including Icasa As we head get into the February busy season with both the State of the Nation Address as well as the Budget Speech later in the month, all eyes will be both on President Ramaphosa and Finance Minister Enoch...
    • Jan
    • Thread
    • cyril ramaphosa enoch godongwana financial sector conduct authority (fsca) independent communications authority of south africa (icasa) intergovernmental fintech working group (ifwg) regulatory sandbox sifiso skenjana south african reserve bank (sarb) state of the nation address (sona)
    • Replies: 3
    • Forum: Broadband and IT News
  10. Jan

    Blackouts may cost South Africa R899 million a day, central bank says

    Eskom load-shedding costs South Africa up to R899 million per day South Africa’s electricity crisis is costing the economy as much as 899 million rand ($51 million) per day, according to central bank estimates. Rolling blackouts of about 6 to 12 hours a day, or so-called stage 3 and stage 6...
  11. Jan

    SARB says no impact from reported cyber breach

    South African Reserve Bank hacked The South African Reserve Bank said there had been no impact from a reported breach of its systems four months ago. The central bank received information from state agencies and private security service providers in August about a “possible breach” and acted...
    • Jan
    • Thread
    • enoch godongwana mfuneko toyana south african reserve bank (sarb)
    • Replies: 3
    • Forum: Broadband and IT News
  12. Jan

    Prudential Authority says SA banks refusing to work with crypto service providers is a bad idea

    South Africa's central bank makes huge announcement about cryptocurrency exchanges The South African Reserve Bank’s Prudential Authority has issued a guidance note to banks discouraging them from cutting off companies that offer cryptocurrency services. In a note signed by Prudential Authority...
    • Jan
    • Thread
    • binance changpeng "cz" zhao cryptocurrency regulation fundi tshazibana luno prudential authority (pa) south african reserve bank (sarb) valr
    • Replies: 6
    • Forum: Cryptocurrency and Blockchain
  13. Jan

    Binance seeks South African bank partners

    World's biggest cryptocurrency exchange looking for South African bank partner Binance would love to work with local banks to open an account in South Africa, co-founder and CEO “CZ” Changpeng Zhao has told MyBroadband. Zhao was responding to questions about Binance delisting ZAR trading pairs...
    • Jan
    • Thread
    • binance bitcoin changpeng "cz" zhao cryptocurrency financial action task force (fatf) financial intelligence centre act (fica) financial surveillance department (finsurv) south african reserve bank (sarb)
    • Replies: 3
    • Forum: Broadband and IT News
  14. Jan

    Reserve Bank fines Nedbank R35 million over FICA violations

    Nedbank slapped with R35 million FICA fine The South African Reserve Bank (SARB) has imposed a R35 million administrative sanction on Nedbank Limited for failure to comply with certain administrative provisions of the Financial Intelligence Centre Act (FICA). The SARB on Friday also directed...
    • Jan
    • Thread
    • financial intelligence centre act (fica) nedbank south african reserve bank (sarb)
    • Replies: 16
    • Forum: Broadband and IT News
  15. Jan

    South Africa's cryptocurrency tax minefield - Webber Wentzel

    Cryptocurrency investing a tax minefield in South Africa A minefield of taxes lies ahead for crypto asset transactions in South Africa, where a gain in selling Bitcoin and other cryptocurrencies is taxed as either revenue or capital. It is according to Joon Chong, a partner and tax specialist...
    • Jan
    • Thread
    • joon chong south african reserve bank (sarb) south african revenue service (sars) webber wentzel
    • Replies: 4
    • Forum: Broadband and IT News
  16. Jan

    Postbank slams social media posts claiming SASSA gold card has expired

    Postbank SASSA gold card has not expired Postbank says information circulating on social media that its gold card has either been discontinued, expired, or no longer good for transactions is false and misleading the public. "SASSA beneficiaries using the Postbank issued SASSA gold cards are...
    • Jan
    • Thread
    • lucas ndala postbank sassa south african reserve bank (sarb)
    • Replies: 2
    • Forum: Broadband and IT News
  17. Jan

    South Africa's plan to regulate cryptocurrencies - don't expect anything soon

    South Africa's plan to regulate cryptocurrencies — including tax and exchange controls South African Reserve Bank (SARB) deputy governor Kuben Naidoo says that the public should not expect a "big bang" of cryptocurrency regulations with a fully-formed regime launching at once. Instead, there...
    • Jan
    • Thread
    • blockchain conduct of financial institutions bill (cofi bill) cryptocurrencies fais act financial intelligence centre act (fica) financial sector conduct authority (fsca) kuben naidoo psg wealth south african reserve bank (sarb)
    • Replies: 11
    • Forum: Broadband and IT News
  18. Hanno Labuschagne

    E-Rand prototype in testing

    E-Rand prototype in testing Several central banks and the Bank for International Settlements have developed prototypes for a common digital currencies platform that has the potential to make cross-border payments more efficient. The two prototypes demonstrate the technical viability of such a...
  19. Jan

    DStv price hikes from 2000 to 2022

    DStv price hikes from 2000 to 2022 MultiChoice has announced its annual DStv price adjustments, increasing the fees of its packages by between R5 and R20 per month, amounting to increases between 1.2% and 4.9%. The new prices kick in on 1 April 2022.
    • Jan
    • Thread
    • consumer price index (cpi) dstv dstv prices multichoice simon camerer south african reserve bank (sarb)
    • Replies: 8
    • Forum: Broadband and IT News
  20. Jan

    Neotel execs should be investigated for allegedly paying R75.57 million in bribes to Guptas

    Neotel, now Liquid SA, paid R75.57 million to Gupta front company for corrupt contracts Telecommunications provider Neotel, which now operates as Liquid Intelligent Technologies South Africa, and several of its former employees should be investigated by law enforcement for suspected bribes of...
    • Jan
    • Thread
    • amabhungane deloitte francois van der merwe guptas liquid intelligent technologies neotel south african reserve bank (sarb) state capture steven whiley sunil joshi zondo commission
    • Replies: 12
    • Forum: Broadband and IT News
  21. Jan

    Switzerland seizes money of South African pyramid scheme victims - refuses to return it

    Switzerland refusing to return money of South African victims in R4 billion pyramid scheme Papers filed in the Pretoria High Court show that South African officials are demanding R115 million from Switzerland for victims of a R4 billion pyramid scheme called Travel Ventures International (TVI)...
    • Jan
    • Thread
    • johan kruger south african reserve bank (sarb) tarun trikha travel ventures international (tvi)
    • Replies: 20
    • Forum: Broadband and IT News
Back
Top
Sign up to the MyBroadband newsletter