We examine the effects of the implementation of the Basel III accord on the growth of non-bank financial institutions and fintech platforms in South Africa.
The balance between financial inclusion and macroprudential policy in South Africa is the focus of a recent study. The research examines how these regulations impact bank lending rates and volumes among the country's largest banks. Financial inclusion aims to extend affordable credit, which could affect the stability of the financial sector. In contrast, macroprudential policy seeks to mitigate financial risks.
The Bureau for Economic Research (BER) has been collecting inflation expectations survey data in South Africa since 2000, following the adoption of inflation targeting by the South African Reserve Bank. This survey has provided significant insights for policy-making, academic research, and private sector analysis. However, recent international trends emphasizing microdata in macroeconomics have prompted a reevaluation of the survey's demands and opportunities.
This study investigates the effects of the Basel III regulatory framework on financing decisions within South Africa's real sector. The research utilizes a sample of 2,045 firm-year observations from 2011 to 2015 and applies the difference-in-differences approach.
The South African Reserve Bank (SARB) has taken action against HSBC Bank Plc's Johannesburg Branch due to non-compliance with the Financial Intelligence Centre Act 38 of 2001. This decision follows an inspection conducted in 2021.
The South African Reserve Bank (SARB) has taken action against Bidvest Bank Limited due to non-compliance with the Financial Intelligence Centre Act 38 of 2001. This decision follows an inspection carried out in 2022.
The approach to international trade has shifted from measuring the face value of a product to considering where production occurs. This change affects how the sophistication of a country's export basket is assessed. A recent paper utilizes the latest OECD Trade in Value Added database to re-evaluate cross-country export sophistication, as defined by Hausmann et al. (2007). The findings indicate that the gap between high-income and low-income countries' export sophistication is wider when viewed from a value-added perspective.
Governor Lesetja Kganyago of the South African Reserve Bank addressed the 2024 Payments Conference, focusing on the evolution and future of payment systems. In his opening remarks, Governor Kganyago highlighted the journey of modernizing payments, noting both past achievements and current challenges.
South Africa's positive net international investment position (IIP) decreased from a revised R2 424 billion at the end of March 2024 to R2 052 billion at the end of June. The decrease in the positive net IIP in the second quarter of 2024 resulted from both a decrease in foreign assets and an increase in foreign liabilities.
The South African Reserve Bank (SARB) has imposed administrative sanctions on Old Mutual Life Assurance Company (South Africa) Limited (OMLACSA). This action is due to OMLACSA's non-compliance with the provisions of the Financial Intelligence Centre Act.
Thank you for joining us today as we launch the South African Reserve Bank’s (SARB) inaugural Payments Study Report. This study is one of our initiatives to better understand the payment system landscape in South Africa. It supports our current strategy, Vision 2025, which identified a need for the SARB to collect more payments information.
The South African Reserve Bank (SARB), which operates, regulates, and oversees the national payment system (NPS), has published its inaugural Payments Study Report. The study, the first of its kind in South Africa, uses individuals’ payment data and provides extensive insight into how the public perceives and uses various payment methods and instruments available in the country.
The South African Reserve Bank (SARB), in collaboration with the Department of Basic Education (DBE), today announced the winners of the 2024 Monetary Policy Committee (MPC) Schools Challenge. This year, 12 schools from across the country were shortlisted as finalists. This reflects both an interest in, and maturity of, the competition.
South African Reserve Bank Governor Lesetja Kganyago delivered a public lecture at the University of the Free State on August 15, 2024. During his address, he highlighted the ongoing economic impact of the COVID-19 pandemic, which began nearly five years ago.
The South African Reserve Bank (SARB) has imposed administrative sanctions on Monarch Insurance Company Limited (Monarch) due to its non-compliance with the provisions of the Financial Intelligence Centre Act 38 of 2001 (FIC Act), following a FIC Act inspection conducted in 2022.
The South African Reserve Bank (SARB) has imposed administrative sanctions on the State Bank of India, South Africa (SBI), due to its non-compliance with the provisions of the Financial Intelligence Centre Act 38 of 2001 (FIC Act). This action follows a FIC Act inspection conducted in May 2020.
The South African Reserve Bank (SARB) has imposed administrative sanctions on Assupol Life Limited (Assupol) due to its non-compliance with the provisions of the Financial Intelligence Centre Act 38 of 2001 (FIC Act). This action follows a FIC Act inspection conducted in 2020.
A new measure of underlying inflation for South Africa, termed the persistent and common component of inflation (PCCI), has been introduced. The PCCI suggests that inflation pressures in the domestic economy are elevated, with outcomes remaining closer to the upper limit of the target band over the past year.
A new inflation measure has been developed to monitor underlying price developments in South Africa, termed supercore inflation. This measure includes components of core inflation that respond to general economic conditions, as measured by the output gap.