The Monetary Policy Committee (MPC) has decided to maintain the current monetary policy stance and keep the repurchase rate unchanged at 5.5%, announced Gill Marcus Reserve Bank Governor, on Thursday, 24 May 2012.
24 May 2012 17:47
CNBC Africa, a CNBC International franchise owned by Africa Business News, has entered into a joint venture with Mozambique's state broadcaster, Televisão de Moçambique (TVM), and will open a bureau in Maputo. CNBC Africa's country bureau representative will be Sunnyboy Mshengu.
24 May 2012 11:35
Following a successful trial with Absa employees over the past few months, the beta version of its new banking platform has been released to its online banking clients. The trial allowed the project team to identify and solve any defects and gauge the response from users, via over 1300 feedback emails received from employees.
23 May 2012 13:55[Tami Sokutu] Until recently, millions of South Africans have been given short shrift and have for years been unbanked or under-banked. Without a certain income level or sufficient collateral, they do not stand a chance of accessing credit. This has been the case historically before democracy was ushered in 1994. To jog people's memory, the inadequate banking services, particularly to black people historically led to the establishment of a black owned bank by black entrepreneurs for black people. Whether this is a good idea or not is a subject for another debate. The fact is there are still millions of South Africans who do not have access to credit.
23 May 2012 13:31 Business leader Bobby Godsell has suggested SA establish an independent commission into executive pay. He said it was excessive and lacked transparency.
23 May 2012 11:46[Michael Bratt] If your manufacturing business is in need of a boost, come June 4 the Department of Trade and Industry (dti) may be able to assist you. That is the day when applications open for its newly launched Manufacturing Competitiveness Enhancement Programme (MCEP).
23 May 2012 11:29 
[Paul Vecchiatto] Finance Minister Pravin Gordhan says that the facts around the R20bn Gauteng e-tolling saga will be presented to Parliament.
21 May 2012 11:02
CNBC Africa, the pan-African financial and business channel, will celebrate five years of continental business broadcasting across Africa on 1 June 2012.
16 May 2012 11:42The Nedbank BGreen ETF has made its mark as an important investment instrument, with market capitalization rising by more than 10% to around R111 million since its launch in December 2011. It was launched as a means for retail and institutional investors to invest, based on their green convictions and access to an investment that mirrors high levels of sustainability and responsibility.
14 May 2012 13:24
22seven, a new generation, money management service to help people do more with the money they have, has gone live following its beta testing from January 2012.
11 May 2012 13:55
The SA National Roads Agency Limited (Sanral) board needs space and support after the resignation of its CEO Nazir Alli, the transport department said on Thursday.
11 May 2012 12:16
The average April 2012 cash withdrawal value across South Africa showed a month-to-month increase of 4.03% to R435.47 and a year-on-year increase of 3.02%, as measured by the Spark Cash Index (SCI).
10 May 2012 12:49According to
Business Report, corporate borrowing rates are continuing to accelerate and figures from the South African Reserve Bank show that loans to businesses rose by more than 12% year-on-year in March to R950bn.
4 May 2012 13:08
Fin24 reports that R1,15bn belonging to investors in Cash Managed Funds (CMF) and ten other companies has allegedly been blown by Corporate Money Managers (CMM), and that the curators of the company - and ten others - are trying to recover money for people who invested in CMF.
30 Apr 2012 11:55
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