Hamza Farooqui comments on rumour that SARB has recommended banking apartheid is maintained: On Friday (3 February), Bloomberg News published a story in which it claimed the South African Reserve Bank (SARB) made a recommendation to the Treasury that Vardospan’s bid to create South Africa’s first 100% black-owned bank, should be rejected. If Vardospan were to … [Read more...] about Hamza Farooqui comments on rumour that SARB has recommended banking apartheid is maintained
SARB
New: Rand Slump May Force More Aggressive SARB Action as Risks Climb
Rand Slump May Force More Aggressive SARB Action as Risks Climb The rand's decline to a record low against the dollar drove South African inflation expectations to the highest in at least 3 1/2 years and fueled speculation the central bank will act more aggressively at its policy meeting this month. The five-year ... Read more on Bloomberg Weak rand takes toll on … [Read more...] about New: Rand Slump May Force More Aggressive SARB Action as Risks Climb
