The South African Reserve Bank lowered its interest rate to 8.00% in Sep, down from 8.25% in the previous decision, in line with the consensus of 8.00%. #SARB #InterestRates #SouthAfrica

The following hashtags are trending across South African Mastodon instances:

#crimestats
#sarb
#sars
#homeaffairs

Based on recent posts made by non-automated accounts. Posts with more boosts, favourites, and replies are weighted higher.

The following hashtags are trending across South African Mastodon instances:

#crimestats
#sarb
#sars
#homeaffairs

Based on recent posts made by non-automated accounts. Posts with more boosts, favourites, and replies are weighted higher.

MPUMALANGA: Eleven suspects have been arrested after being found with counterfeit money to the value of R3 million in Ermelo. Police say the suspects 25-45 are all illegal immigrants from Uganda. #SARB #SARS #HomeAffairs #CrimeStats

「SA’s foreign investment story is better than you think

#SouthAfrica has seen a net FDI inflow (inflows minus outflows) every year since 2018, says PwC’s April Economic Outlook bulletin.

“This may come as a surprise to some considering the country’s economic challenges and obstacles faced by private business. Many would expect that outflows would overshadow inflows. However, data from the #SouthAfricanReserveBank (#Sarb) shows that the country’s net #FDI flows averaged R58 billion per annum after the global financial crisis when excluding 2021.”

[...]

South Africans have a generally negative view of public #governance and #ServiceDelivery, but the country does better than many think on objective measures such as the #WorldBank’s Worldwide Governance Indicators (WGIs), which measures six factors, such as regulatory quality, rule of law, control of #corruption and government effectiveness for more than 200 countries. SA ranks about midway in the WGI ranking.

Because South Africans have witnessed a decline in the quality of public services, many assume the country underperforms its peers. This is a narrow view.

Being a middle-of-the-pack performance rather than something more dismal accounts to a large extent for the moderately positive view of the country’s governance held by foreign investors.」

https://www.moneyweb.co.za/news/economy/sas-foreign-investment-story-is-better-than-you-think/

#GoodNews

The plot below shows access to simple bank accounts in South Africa. What can @SAReserveBank (the regulator) do in order for our banks to be agents of growth and change?
#finance #investment #education #growth #inequality #southafrica #SARB #chile #usa

We are talking about the same story today, right? 🤔

#SouthAfrica #PhalaPhala #Ramaphosa #ANC #SARB #SouthAfricanReserveBank

„it would be a drastic step to exclude #SouthAfrica from those monetary mechanisms.
Yet, #Sarb believes the threat cannot be ignored. […] our ongoing implosion will accelerate by orders of magnitude and our #rand could soon start to resemble the Zimbabwe dollar, which is almost worthless […]
Yet, for our #ANC masters, loyalty is something you put above the welfare of your people. […] because when it comes to ANC priorities, ordinary people don’t make it on to the list.“
https://www.citizen.co.za/news/opinion/putin-visit-a-red-flag-for-sanctions/