11/08/2024
At its last meeting in October, the bank slashed its benchmark lending rate KECBIR=ECI to 12.00%, down from 12.75%, in a move aimed at stimulating credit to the private sector.
11/07/2024
This growth rate is also coming at the backdrop of the high interest rate on fixed income instruments and the upward performance of the stock market, as well as increased awareness on benefits of Mutual Funds.
11/01/2024
Despite these critical issues, concrete solutions remained limited, with progress on key topics advancing only incrementally.
10/30/2024
In February 2023, the FATF greylisted South Africa due to inadequate measures against money laundering, terrorist financing, and proliferation financing.
10/24/2024
The approval of the NUIB Regulation in the country arose from the need to create more efficient mechanisms to guarantee security in financial transactions, adapting to technological developments and new market demands.