SARB economist: The Reserve Bank can only do so much

South African Reserve Bank Monetary Policy Committee member and head of economic research and statistics, Rashad Cassim, has said the Reserve Bank has done much good for South Africa’s economy, but the structural economic problems that pervade South Africa are beyond its power. Cassim was speaking in Cape Town on[…]

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SARB nails ghost accounts

Following complaints that commercial banks are looting cash into ghost accounts, the South African Reserve Bank made transparent its findings for unrecorded transactions at The Monetary Policy Review 2016, which was hosted at the Westin Hotel. Commercial banks report that bank personnel could not be held responsible for the financial[…]

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