06/12/2023

ECB eyes next rate hike

ECB President Christine Lagarde said earlier this month rates were getting “closer to our cruising altitude”, but “we need to continue climbing”.

06/07/2023

IMF sends a warning to South Africa

Headline inflation has risen above the South African Reserve Bank’s (SARB’s) 3% to 6% target range amid higher food and energy prices.

06/05/2023

Warning over bank reversals in South Africa

The Ombud also stressed that the complaint would still not be eligible for a reversal if they paid via a card transaction, as the liquidator would still have to deal with the matter.

05/31/2023

The Reserve Bank prepares for grid collapse

South Africa is experiencing unprecedented levels of load shedding in 2023, and the power utility has struggled to meet electricity demand leaving the nation in darkness for as many as 12 hours a day.