Podcasts about Lesetja Kganyago

Die goewerneurs van die sentrale banke van Namibië en Suid-Afrika het ‘n hersiene memorandum van verstandhouding onderteken. Dit het plaasgevind tydens Ebson Uanguta se hoflikheidsbesoek aan die Suid-Afrikaanse Reserwebank en sy goewerneur Lesetja Kganyago, in Pretoria. Die ooreenkoms is 'n opdatering van die twee banke se 2015 ooreenkoms. Die bank se woordvoerder, Naufiku Hamunime het meer.

Stephen Grootes speaks to Sanisha Packirisamy about SA Reserve Bank Governor Lesetja Kganyago’s support for an independent US Federal Reserve amid political pressure and market uncertainty. In other interviews, Spiros Fatouros unpacks the World Economic Forum’s Global Risks Report 2026, highlighting key threats facing the global and South African economies, while George Bernett, CEO of Rainbow Rare Earths, discusses the company’s pilot project at Phalaborwa and its significance for critical minerals supply chains. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Expert An extract from Ryk van Niekerk's interview with SARB governor Guest: Lesetja Kganyago

Die president van die Suid-Afrikaanse Reserwebank, Lesetja Kganyago, waarsku die rand se onlangse versterking kan tydelik wees en beklemtoon die behoefte aan voortgesette strukturele hervormings om prysbestendigheid te handhaaf. Kganyago sê die vordering, soos die land se kredietopgradering en uittrede uit die Finansiële Aksietaakmag se gryslys is bemoedigend, maar verdere hervormings is noodsaaklik om ekonomiese groei te ondersteun, skuld volhoubaar te bestuur, en te verseker dat inflasie oor die mediumtermyn naby die drie-persent-teiken bly:

Die president van die Reserwebank, Lesetja Kganyago, sê Suid-Afrika het in Julie 2022 'n skerp inflasie-wanverhouding ondervind. Hy het in 'n onderhoud met CNBC Africa gesê laerinkomste-verdieners het 9,8-persent inflasie ervaar vergeleke met 4,9-persent vir die rykes. Kganyago het beklemtoon hoe ongelykheid vererger namate stygende pryse laerinkomste-huishoudings die swaarste tref. Hy waarsku om inflasie te ignoreer beteken dat die rykes bo die armes gestel word:

Marnich Dippenaa – leerder en goewerneur van Paarl Gimnasium Volg RSG Geldsake op Twitter

Die monetêre beleidskomitee van die Reserwebank het besluit om die terugkoopkoers op 7-persent en die prima uitleenkoers op 10,5-persent te hou. Die president van die Reserwebank, Lesetja Kganyago, sê die besluit, wat deur vier van die ses komiteelede ondersteun word, weerspieël die verwagting dat inflasie in die komende maande sal styg, en 'n hoogtepunt van vier-persent sal bereik. Hy dui aan dat die bank verwag dat die inflasiekoers vanjaar gemiddeld 3,4-persent sal wees en volgende jaar gemiddeld 3,6-persent:

Die president van die Suid-Afrikaanse Reserwebank, Lesetja Kganyago, sê sentrale banke vorder met die verlaging van wêreldwye inflasie. Kganyago het na sy terugkeer van die Jackson Hole Ekonomiese Simposium in die VSA, aan SABC News gesê gevare bestaan egter steeds, insluitend handelstariewe wat pryse kan verhoog. Hy is bekommerd oor die hoë lewenskoste wêreldwyd en voeg by die uitdaging is om 'n afname in die inflasiekoers te behou terwyl nuwe ekonomiese druk gemonitor word:

Marnich Dippenaar, leerder en goewerneur van Paarl Gimnasium, gesels oor hoe hulle tweede plek by die Sarb Monetêre Beleidskomitee Skole-uitdaging behaal het en oor sy planne vir die toekoms. Volg RSG Geldsake op Twitter

Die Suid-Afrikaanse Reserwebank sê hy verkies dat inflasie op 3 persent bly, minder as die huidige teiken van 3 tot 6 persent. Die goewerneur van die Reserwebank, Lesetja Kganyago, sê laer inflasie kan laer terugkoopkoerse beteken, met modelle wat toon koerse sal mettertyd onder 6 persent daal. Kganyago beklemtoon die skuif is daarop gemik om verwagtinge te anker, die rand te ondersteun en leningskoste oor die langtermyn te verminder. Hy is van mening dit sal toekomstige teikens lei:

Die Suid-Afrikaanse Reserwebank het die terugkoopkoers van môre af tot sewe-persent verlaag, net ure voor Amerikaanse president Donald Trump se verwagte aankondiging van 'n tarief van 30-persent op Suid-Afrikaanse goedere. Die president van die Reserwebank, Lesetja Kganyago, het verswakkende sake- en verbruikersvertroue met inflasie op drie-persent as redes aangegee. Alhoewel voedselpryse styg, is die verwagting dat inflasie bestendig sal bly. Hy het beklemtoon die bank voorspel matige groei gerugsteun deur strukturele hervormings:

Die president van die Reserwebank, Lesetja Kganyago, waarsku dat Amerikaanse tariewe die voertuigvervaardigings- en die landbousektor in Suid-Afrika die ergste sal raak. Amerika gaan vanaf begin volgende maand 'n tarief van 30 persent op uitvoere uit Suid-Afrika instel. Ongeveer 100 000 werksgeleenthede in die motor- en die landbousektor is in gevaar, insluitend 35 000 net in die sitrus-sektor. Kganyago het aan Reuters gesê dit is belangrik vir individuele lande om hulle reaksie op die tariewe by hul ekonomieë aan te pas:

Bongani Bingwa discusses navigating uncertain economic times in South Africa with Lesetja Kganyago, Governor of the South African Reserve Bank. They touch on reimposed tariffs, lowering the inflation target, and its potential impact on investment, as well as criticisms of central banks' inflation-focused approach. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Listen live on Primedia+ weekdays from 06:00 and 09:00 (SA Time) to Breakfast with Bongani Bingwa broadcast on 702: https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/36edSLV or find all the catch-up podcasts here https://buff.ly/zEcM35T Subscribe to the 702 Daily and Weekly Newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702See omnystudio.com/listener for privacy information.

In this wide-ranging interview, Reserve Bank Governor Lesetja Kganyago speaks to Bronwyn Nielsen ahead of the impact of the Trump tariffs on Asa's agricultural and auto sector, the push to modernise payments, and why central banks are struggling to model a future clouded by global uncertainty. Kganyago also unpacks opportunistic disinflation, interest rate scenario planning, and what's needed to finally get South Africa's economic “orchestra” playing in tune.

Die president van die Suid-Afrikaanse Reserwebank, Lesetja Kganyago, sê die G20 moet sleutelkwessies wêreldwyd voorkeur gee en besluitneming vereenvoudig om weer relevant te wees. Hy het in Washington gepraat op die Brookings Global Economy and Development-program, en die G20 se potensiaal beklemtoon om komende uitdagings aan te pak en volhoubare groei te bevorder. Kganyago het beklemtoon dat beter prosesse noodsaaklik is vir die G20 om globale bestuur te versterk in vandag se toenemend ingewikkelde ekonomiese landskap:

Bongani Bingwa speaks with Hillary Joffe, Editor-at-Large at Business Day, as the International Monetary Fund lowers global growth forecasts, warning of a fundamental reset in the global economic system. While Finance Minister Enoch Godongwana projected 1.9% GDP growth for South Africa in 2025, the IMF now expects as little as 1% amid global uncertainty triggered by shifting U.S. trade policies. With South African officials, including Godongwana and SARB Governor Lesetja Kganyago, in Washington for the G20 finance track, global economic stability hangs in the balance. 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Find all the catch-up podcasts here https://www.primediaplus.com/702/702-breakfast-with-bongani-bingwa/audio-podcasts/702-breakfast-with-bongani-bingwa/ Listen live - 702 Breakfast is broadcast weekdays between 06:00 and 09:00 (SA Time) https://www.primediaplus.com/station/702 Subscribe to the 702 daily and weekly newsletters https://www.primediaplus.com/competitions/newsletter-subscription/  Follow us on social media: 702 on Facebook: http://www.facebook.com/TalkRadio702   702 on TikTok: www.tiktok.com/@talkradio702  702 on Instagram: www.instagram.com/talkradio702  702 on X: www.x.com/Radio702  702 on YouTube: www.youtube.com/@radio702  See omnystudio.com/listener for privacy information.

Die Reserwebank se monetêre beleidskomitee het besluit om die terugkoopkoers onveranderd te hou op 7,5-persent. Dit beteken handelsbanke se prima-uitleenkoers bly 11-persent. Die president van die Reserwebank, Lesetja Kganyago, het op 'n nuuskonferensie gesê die besluit volg weens ekonomiese onsekerheid en inflasierisiko's. Hy sê hoewel inflasie binne die teiken bly, hou internasionale en plaaslike uitdagings steeds bestendigheidsrisiko's in.

Die Suid-Afrikaanse Reserwebank se president, Lesetja Kganyago, waarsku dat wêreldwye handelspanning en ʼn moontlike BTW-verhoging kan twee jaar se verlangsaamde inflasie ontspoor. Die nasionale begrotingsrede is verlede week uitgestel nadat die regering van nasionale eenheid op die nippertjie verskil het oor die moontlikheid dat BTW met 2 persent verhoog word. Kganyago het by ʼn G20-vergadering van finansiële amptenare in Kaapstad aan CNBC Africa gesê Suid-Afrika se agenda vanjaar fokus daarop om oorgrensbetalings te verbeter:

Die president van die Suid-Afrikaanse Reserwebank, Lesetja Kganyago, is optimisties oor die land se ekonomiese groei en voorspel teen 2027 'n groei van 2 persent in die bruto binnelandse produk. Daar is wel gemengde ekonomiese data, insluitend gedempte vervaardigingsprestasie en 'n bemoedigende toename in werksgeleenthede. Kganyago verwag voortgesette hervormings in sektore soos elektrisiteit en vervoer om langtermyngroei te bevorder. Hy is vol vertroue die ekonomie sal in die mediumtermyn verbeter:

ActionSA doen 'n beroep op die president van die Suid-Afrikaanse Reserwebank, Lesetja Kganyago, om die rentekoers met 50 basispunte te verlaag tydens die Monetêre Beleidskomiteevergadering. Dit volg nadat die jongste inflasiedata 'n daling tot 2.8 persent in Oktober getoon het, die vyfde agtereenvolgende daling. Die party waarsku die finansiële nood duur voort, en meer as 35 miljard Suid-Afrikaanse rand is aan pensioene onttrek. Alan Beesley van ActionSA sê lae bruto binnelandse produkgroei en moontlike Eskom-tariefverhogings is groot bekommernisse:

Die Bank van Namibië het 'n hoëvlakvergadering van die sentrale bankbestuurders van die Gemeenskaplike Monetêre Gebied aangebied. Onder voorsitterskap van goewerneur Johannes !Gawaxab, het die vergadering goewerneurs Lesetja Kganyago van Suid-Afrika, Emmanuel Letete van Lesotho en Phil Mnisi van Eswatini bymekaargebring. Die kwartaallikse vergadering het gedien as 'n platform om dringende plaaslike en globale ekonomiese uitdagings aan te spreek. Besprekings het gefokus op die versterking van ekonomiese veerkragtigheid en die bevordering van oorgrens-betalingstelsel-integrasie om bestaande wrywings wat spoed, koste en klante-ervaring beïnvloed, te verminder, terwyl betalingsintegriteit gehandhaaf word. Josefina Oskar, die Bank van Namibië se kommunikasiepraktisyn, gee meer inligting.

Bongani Bingwa speaks to South African Reserve Bank governor Lesetja Kganyago, Standard Bank group CEO, Sim Tshabalala and former National Treasury Director General, Dondo Mogajane as they all pay tribute to the late former minister of finance and former SARB governor Tito Mboweni.  See omnystudio.com/listener for privacy information.

Die president van die Suid-Afrikaanse Reserwebank, Lesetja Kganyago sê die feit dat Suid-Afrika op die gryslys van die Finansiële Aksietaakspan is, hou steeds 'n gevaar in vir die land se ekonomiese vooruitsig en finansiële bestendigheid. Suid-Afrika is 'n jaar gelede op die gryslys geplaas weens die regering se mislukking om internasionale standaarde en regulasies teen geldwassery en terrorisme-befondsing af te dwing. Kganyago sê die regering het in 'n groot mate agt van die 22 aksie items wat die taakmag geïdentifiseer het aangespreek:

Die Reserwebank se Monetêre Beleidskomitee het die terugkoopkoers op 8,25-persent gelaat. Die president, Lesetja Kganyago, het daarop gewys vier lede het hierdie standpunt gehuldig terwyl twee ‘n verlaging van 25-basispunte voorgestaan het. Oorkoepelende inflasie sal na verwagting laer neig weens laer brandstof- en voedselpryse. Hy het beklemtoon inflasie sal na verwagting stabiliseer op 4,5-persent terwyl die prima-uitleenkoers op 11,75-persent bly.

Klaas Knot, Chair of the Financial Stability Board, President of De Nederlandsche Bank, and member of the ECB Governing Council, and Lesetja Kganyago, Governor of the South African Reserve Bank, discuss the challenges facing the international financial system at the ECB Forum on Central Banking in Sintra, Portugal. Published on 6 July 2024 and recorded on 3 July 2024. 2024 ECB Forum on Central Banking https://www.ecb.europa.eu/press/conferences/ecbforum/html/index.en.html The ECB Podcast: The road ahead: is there room for optimism? https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod240627_episode86.en.html The ECB Podcast: Financial Stability in a ChatGPT world https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod240517_episode84.en.html European Central Bank https://www.ecb.europa.eu/home/html/index.en.html European Banking Supervision https://www.bankingsupervision.europa.eu/home/html/index.en.html

The governor of the South African Reserve Bank, Governor Lesetja Kganyago, discusses the "one thing" he believes will accelerate South Africa's economic progress with host Bruce Whitfield.See omnystudio.com/listener for privacy information.

Die president van die Suid-Afrikaanse Reserwebank, Lesetja Kganyago, waarsku Suid-Afrika sal waarskynlik beleggers verloor as koalisiebeleide nie bestendig is nie. Die ANC onderhandel tans met opposisiepartye om 'n koalisieregering te vorm nadat hy sy meerderheid verloor het in verlede week se verkiesing. Sommige ekonome meen 'n koalisie-ooreenkoms tussen die ANC en die DA sal help om mark-onsekerheid te verminder. Kganyago sê die sentrale bank sal steeds sy mandaat navolg:

South Africa Reserve Bank Governor Lesetja Kganyago says it is “too early to tell what a discernable trend would be” following the nation's latest inflation data and discusses watching, but not following, the Federal Reserve and negative views impacting the rand. He speaks with Bloomberg's Jonathan Ferro.See omnystudio.com/listener for privacy information.

George Glynos, head of Research at ETM Analytics on Lesetja Kganyago, governor of the South African Reserve Bank (SARB), reiterating his stance on lowering the country's inflation target, stressing its importance in preserving purchasing power. The SARB, under his leadership, is actively pursuing measures to achieve this goal, emphasising the need for sustainable inflation within the target range of 3% to 6%   Carol Paton, editor at large at Business 24 on why Gauteng residents should brace themselves for prolonged water shortages as delays plague the Lesotho Highlands Water Project Phase 2, pushing the timeline for relief to 2029. Political interference and governance issues exacerbate the crisis, leaving millions vulnerable to periodic outages.   Debbie Goodman, CEO of Jack Hammer, chats with host Motheo Khoaripe about her career journey and life philosophy. She also  Jack Hammer Global highlights the shift toward hybrid and fractional work models. Fractional leaders, working part-time within organisations, seamlessly integrate into leadership teams without full-time costs.See omnystudio.com/listener for privacy information.

George Glynos, head of Research at ETM Analytics on Lesetja Kganyago, Governor of the South African Reserve Bank (SARB), reiterating his stance on lowering the country's inflation target, stressing its importance in preserving purchasing power. The SARB, under his leadership, is actively pursuing measures to achieve this goal, emphasising the need for sustainable inflation within the target range of 3% to 6%See omnystudio.com/listener for privacy information.

South African policymakers are in discussions on lowering the central bank's inflation target, its governor said on Wednesday, adding that a lower target would make the country more competitive and bring the central bank in line with peers. Lesetja Kganyago told Reuters he personally preferred a decision that would lower the target from its current range of between 3% and 6% "before we get to 2025", but that teams from the South African Reserve Bank (SARB) and National Treasury were still identifying the appropriate range and risks associated with it. "Our teams are in conversation now," Kganyago said in an interview. "The teams will advise the governor and the (finance) minister and say ok this is the appropriate target and this is the appropriate timeline within which we have got to achieve the target." South Africa introduced its inflation-targeting framework in 2000, and had planned to lower the target to 3%-5% and then 2%-4%. But the target was never lowered, something Kganyago views as a big mistake and has been vocal about for years. He said the current band was too wide and served to anchor inflation expectations higher than the bank would like. Regarding the general elections in May, he said there was huge uncertainty about the outcome which was "keeping the country's risk premium elevated", referring to the additional return investors demand to compensate them for local risks. Kganyago, whose term as SARB governor was extended for another 5 years last month, said President Cyril Ramaphosa had tried to mitigate some of the uncertainty surrounding South Africa by ensuring stability in the leadership of key institutions like the revenue service and central bank. Asked what he wanted to achieve in his third term starting in November, Kganyago said "the job on the inflation front is not yet done". Over the longer term, the key to reducing the country's risk premium lies in prudent macroeconomic and fiscal policies, he said. Inflation picked up to 5.6% year-on-year in February, and the bank only sees it falling to 4.5% in the fourth quarter of 2025. Kganyago dismissed the idea of using explicit forward guidance on interest rates as a way to further rein in inflation expectations, saying bank officials did not view it as a useful tool.

Die president van die Suid-Afrikaanse Reserwebank, Lesetja Kganyago, sê die buurland se ekonomie het in die vierde kwartaal van verlede jaar met slegs 0,1 persent gegroei en nie aan verwagtinge voldoen nie. Hierdie swak prestasie word toegeskryf aan uitdagings aan die aanbodkant, veral ernstige beurtkrag, wat kwesbaarheid in die ekonomie beklemtoon. Kganyago sê die teleurstellende groei wek kommer oor die ekonomie se veerkragtigheid en sy vermoë om te herstel ná terugslae, wat verskeie sektore beïnvloed en moontlik breër ekonomiese verbeterings vertraag:

Die Monetêre Beleidskomitee van die Suid-Afrikaanse Reserwebank het eenparig besluit die terugkoopkoers bly onveranderd op 8,25-persent, wat die prima-uitleenkoers bestendig hou op 11,75-persent. Reserwebank-president Lesetja Kganyago noem volgehoue globale inflasiedruk, met inflasie naby die bank se boonste teikenvlak teen 5,6-persent in Februarie. Kganyago sê ekonomiese groeivooruitsigte bly gematig weens beperkings aan die verskaffingskant van die ekonomie, soos elektrisiteitstekorte.

President Cyril Ramaphosa has reappointed Lesetja Kganyago as the new South African Reserve Bank Governor. The five-year term comes into effect on the 9th of November this year. President Ramaphosa also appointed Deputy Governors Fundi Tshazibana and Rashad Cassim, and the appointment of Dr. Mampho Modise as Deputy Governor. For more on this, Elvis Presslin spoke to the Executive Director and Head of Research for Money, Banking, and Macroeconomics at First Source Money, Redge Nkosi

Lesetja Kganyago, SA Reserve Bank's Governor on the performance of the country's economy.      Pieter Engelbrecht, CEO at Shoprite on its group's sales outpacing the rest-of-market growth in South Africa, as its core business segment sales surged by 14.6%, reflecting an extra R12.4 billion in customer spending compared to the previous year.    On personal finance, Warren Ingram, co-founder of Galileo Capital on money and happiness. And whether your age and your money make you happy.See omnystudio.com/listener for privacy information.

This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. Finance Minister Enoch Godongwana unveiled a far-reaching reform in relation to government's treatment of the Gold and Foreign Exchange Contingency Reserve Account (GFECRA), which will result in R150-billion in drawdowns from the account over the coming three years to reduce government borrowings. The settlements will be in three tranches, including R100-billion in 2024/25 and R25-billion apiece in the subsequent two financial years, and the proceeds will help reduce government's gross borrowing requirement from R553.1-billion in 2023/24 to R428.5-billion in 2026/27. The distributions will also reduce debt-service costs by R30.2-billion over the coming three years, when compared with the estimate outlined in the 2023 Medium Term Budget Policy Statement (MTBPS). GFECRA is an account held at the South African Reserve Bank (SARB) and captures losses and profits on foreign currency reserve transactions and protects the bank from currency volatility. Several economists have been urging the National Treasury to consider using the account to avert a debt crisis, given a surge in borrowings in recent years amid an increasingly distressed tax base, and persistently low growth. The National Treasury revised South Africa's 2023 growth down to 0.6% and forecast growth of only 1.3% for the current year. Research and consultation regarding the GFECRA have been under way for a number of months, but it was not clear ahead of the Budget whether these had progressed to a point where the account could be employed to support the national finances. When the rand depreciates, as it has done consistently since about 2011, the balance in the account improves, with balances in favour of the SARB having surged from R28-billion in 2023 to R507.3-billion in January 2024. Under a proposed settlement agreement, which was being formalised between the National Treasury and the SARB, a portion of the valuation gains will be drawn down over the coming three years to reduce borrowings. Godongwana also tabled legislation along with his Budget documents outlining an amendment to the Gold and Foreign Exchange Contingency Reserve Account Defrayal Act, 2003, to give effect to the drawdowns. To make the R150-billion available to the National Revenue Fund, R250-billion of the GFECRA funds will be employed, with R100-billion to be directed towards the SARB to cover interest-rate sterilisation costs that will arise as a result of increased liquidity. SARB governor Lesetja Kganyago described it as a complex arrangement that had arisen following intense conversations between the central bank and the National Treasury, and stressed that it was not cost-free, as could be seen by the R100-billion set aside for the SARB over the medium term. The proposed settlement agreement between the National Treasury and the SARB, meanwhile, would also establish a new framework for the treatment of the GFECRA, which the National Treasury insisted would continue to protect the bank and was in line with "peer norms". The Budget Review indicates that framework will allocate valuation gains across three "buckets", with the first bucket retaining sufficient funds to absorb exchange rate swings. "Once this arrangement has been fulfilled, funds will be distributed to the second bucket, a Reserve Bank contingency reserve, to ensure the central bank's solvency and to pay sterilisation costs to neutralise the interest-rate impact. "Once the first two obligations have been settled, funds will be distributed to the National Treasury," the Budget Review states. NEW FRAMEWORK The reform is guided by principles developed in consultation between the National Treasury, the SARB and international experts, including that any GFECRA distributions be governed by a clear and transparent framework that prevents ad hoc drawdowns, as well as that the proc...

With the years of access to cheap money behind them and the effects of climate change and geopolitical tensions only getting worse, what does resilience look like for emerging market economies? This year's Per Jacobbson lecture brings together three influential thinkers to discuss how countries can work towards economic resilience in an era of greater uncertainty. The talk features Lesetja Kganyago, Governor of the Reserve Bank of South Africa, Masood Ahmed, President of the Center for Global Development, and is moderated by Guillermo Ortiz, former Governor of the Bank of Mexico.

The Reserve Bank's kept the repo rate unchanged at 8.25%, for the first since late 2021. Reserve Bank governor Lesetja Kganyago says this was not the end of the hiking cycle. Business Day TV unpacked the decision with Dawie Roodt, Chief Economist at Efficient Group.

Koketso Mano, senior economist at FNB on June's CPI data and what it means for SARB's decision on interest rates.    Andrew Middleton, CEO of  GoSolr on African Rainbow Capital acquiring a minority stake in the company.  Then Rui Morais, CEO of Dis-Chem was our shapeshifter. He spoke about his career journey as well as plans he has for the retail pharmacy.See omnystudio.com/listener for privacy information.

Guest: Koketso Mano| Senior Economist at FNBSee omnystudio.com/listener for privacy information.

Peter Attard Montalto, managing director at Intellidex on SA's lack of planning around the mitigation of load-shedding.    Lesetja Kganyago, governor at SA Reserve Bank on the confusion around the Xitsonga spelling of The Reserve Bank on the new R100 banknote.    Then investment School Chantal Marx, head of equity research at FNB Wealth and Investments explained the danger of only holding “low risk” investments in the context of high inflation and a weak ZAR.See omnystudio.com/listener for privacy information.

Reserve Bank governor Lesetja Kganyago urged politicians to make hard, unpopular fiscal choices to maintain the credibility of budgetary commitments as they juggle spending pressures with one of the heaviest debt loads in emerging markets.

Lord Peter Hain, British politician & anti-apartheid fighter and Jason Borbora-Sheen, portfolio manager at Ninety-One dissect the UK's prime minister, Liz Truss' resignation and how the market received the news.      Lesetja Kganyago, governor at Reserve Bank on his recent IMF meetings — fighting inflation and the economy. Meanwhile, Eugen Du Toit, head of regulatory framework department at the FSCA on their reasons for declaring crypto assets as a financial product and how it will work in the country.       Warren Ingram, personal financial advisor and executive director at Galileo Capital explains four key factors to financial success in retirement.See omnystudio.com/listener for privacy information.

Terwyl Namibiërs die ergste verwag wanneer die sentrale bank op 19 Oktober die rentekoers bekendmaak word die Suid-Afrikaanse Reserwebank daarvan beskuldig dat hy nie in ag geneem het inflasie in die buurland begin daal nie. Die bank het aangekondig die terugkoopkoers word met 75 basispunte tot 6,25 persent verhoog. Die president van die sentrale bank, Lesetja Kganyago, sê inflasie, wat op 7,6 persent staan, is steeds 'n groot bekommernis. Mervyn Abrahams van die Pietermaritzburgse Economic Justice and Dignity Group, glo die koers sal 'n swaar las op verbruikers wees wanneer inflasie verder daal:

Die hoof-ekonoom van FNB in Suid-Afrika, Mamello Ngwenya, sê die verhoging in die terugkoopkoers was te wagte. Die president van die Reserwebank, Lesetja Kganyago, het die koers met 75 basispunte verhoog. Ngwenya sê die verhoging sal verbruikers op verskillende maniere raak, afhangende van inkomstevlakke:

Die sperdatum het aangebreek vir President Cyril Ramaphosa se regspan om antwoorde aan die Suid-Afrikaanse Reserwebank te verskaf oor die Phala Phala-sage. Die president van die Reserwebank, Lesetja Kganyago, het verlede week 'n brief aan die parlement se staande komitee oor finansies gerig. Volgens die sentrale bank het Ramaphosa nie die buitelandse valuta-transaksie aangemeld nie. Kganyago sê 'n ondersoek sal begin sodra alle toepaslike inligting ontvang is. 'n Soedannese sake-eienaar het volgens berigte die kontant aan 'n werknemer op Ramaphosa se plaas in Limpopo betaal, en dit is later gesteel. Dawie Klopper 'n ekonoom in die buurland praat met Kosmos 94.1 Nuus oor moontlike stappe wat die bank teen Ramaphosa kan neem.

Die EFF se adjunkpresident, Floyd Shivambu, beskuldig die Suid-Afrikaanse Reserwebank dat hy president Cyril Ramaphosa probeer beskerm oor die rooftog by sy Phala Phala-plaas in Limpopo. 'n Aantal partye wil hê die Reserwebank moet ondersoek instel of Ramaphosa enige valutabeheermaatreëls oortree het aangesien die gesteelde geld Amerikaanse dollars was. Die bank se goewerneur, Lesetja Kganyago, sê dit sal die voortgaande ondersoek belemmer indien hy oor die saak kommentaar lewer. Shivambu sê Ramaphosa oortree die landswette:

Guest: Kevin Lings | Chief Economist at Stanlib  See omnystudio.com/listener for privacy information.

The governor of the central bank Lesetja Kganyago on South Africa's ailing economy and their inflation targeting policy. Matete Thulare, head of FX Execution at RMB on the rand weakening against the dollar as data showed that US inflation quickened in May. Prof. Mcebisi Ndletyana, politics lecturer at the University Of Johannesburg talks about his relationship with money See omnystudio.com/listener for privacy information.

Today's Daily Friend with Nicholas Lorimer, Marius Roodt and Hermann Pretorius. Discusses comments made by reserve bank governor Lesetja Kganyago, a national day of action by COSATU, Illegal mining and a malaria vaccine. Subscribe on Google Podcasts · Subscribe on Apple Podcasts · Subscribe on Spotify