IOL (Free subscription) | 10/10/2008
High food and fuel prices only left one door open to South African Reserve Bank governor Tito Mboweni, economists say.
Cape Times (Free subscription) | 10/09/2008
While some of the world's biggest banks have avoided bankruptcy only after intervention by central banks and governments, Reserve Bank Governor Tito Mboweni said yesterday no South African bank had asked for help.
Bush Radio 89.5 fm Newsroom (Free subscription) | 10/10/2008
By Mandisi Tyulu 10 October 2008 Reserve Bank Governor Tito Mboweni has announced that the bank's Monetary Policy Committee has decided to keep the repurchase rate steady at 12-percent. This went against worldwide trends to cut rates. Commercial banks’ prime lending rates will remain at 15-and-half-percent. Mboweni says forecasts show a moderate improvement to South Africa’s economic...
Business Report (Free subscription) | 10/09/2008
While a number of the world's biggest banks have avoided bankruptcy only after intervention by central banks and governments, Reserve Bank governor Tito Mboweni said yesterday that no South African bank had asked for help.
All Africa (Free subscription) | 10/09/2008
The current global economic turmoil has been cited as one of the reasons Reserve Bank Governor Tito Mboweni has left the repo rate unchanged at 12 percent.
All Africa (Free subscription) | 10/10/2008
... turbulence remains key to the timing of the first cut in local lending rates.Reserve Bank Governor Tito Mboweni highlighted the rand's depreciation as a "significant upside risk to the inflation outlook" when he announced the Bank's decision to keep interest rates steady yesterday.He warned that the latest slide in the currency, which briefly hit a near seven-year low at R9,45 to...
All Africa (Free subscription) | 10/10/2008
... globally as its financial system remained stable in the face of global turmoil, said Bank governor Tito Mboweni. But he pointed out that local shares and the rand had been hit hard by global risk aversion, and the Bank was "monitoring developments closely"."The monetary policy committee (MPC) considered recent developments in the South African economy and the risks to the inflation...
IOL (Free subscription) | 10/09/2008
Food and petrol price increases were again the main contributors to the rising trend in the consumer price index excluding interest rates on mortgage bonds, Reserve Bank governor Tito Mboweni said on Thursday.Briefing the media after a two-day Monetary Policy Committee meeting, Mboweni said CPIX inflation had increased from 13 percent in July 2008 to 13,6 percent in August.Food...
Mail & Guardian (Free subscription) | 10/09/2008
... firm Sanlam was the worst blue chip performer, losing 4,80% at R16,85.Central bank Governor Tito Mboweni said local banks remained stable and were not exposed to subprime industry problems, which triggered the global credit crises.But the crisis had knocked local assets and would ultimately dampen economic growth.Government bonds weakened as investors shifted back to equities, and...
IOL (Free subscription) | 10/09/2008
... the meeting on the issue.That economic analysis was the subject of SA Reserve Bank (SARB) Governor Tito Mboweni's meeting taking place on Thursday and would also be part of Manuel's presentation on the medium-term budget policy statement (MTBPS) in Parliament on October 21.However, Cabinet believed South Africa's economy was showing signs of resilience in many respects.
Mail & Guardian (Free subscription) | 10/08/2008
All 26 economists polled by Reuters last week predicted the repo will stay flat at 12%, with concern about record high inflation countered by worries over slowing consumer spending and economic growth.Reserve Bank Governor Tito Mboweni will announce the decision shortly after 3pm on Thursday.An upward cycle that saw rates rise five percentage points between June 2006 and June 2008 has...
All Africa (Free subscription) | 10/08/2008
... of $60,8bn while Turkey has $76,2bn.At the Bank's annual general meeting last month, governor Tito Mboweni said the Bank "does not regard the current level of reserves as excessive" and would continue to accumulate them at a "moderate pace" when market conditions permitted. The Bank has repeatedly said it will not buy foreign exchange in a manner likely to affect the value of the...
All Africa (Free subscription) | 10/06/2008
... something I could get used to. But the point is that the weekend was led by Reserve Bank Governor Tito Mboweni.The rules were rather circumscribed, but it wouldn't be breaking any confidences to say Mboweni was an extraordinarily gracious host. He conducted the whole weekend with enormous aplomb, he was energetic and friendly, fun but critical about the economic debate, and...
All Africa (Free subscription) | 10/06/2008
... at the start of next year, paving the way for interest rate cuts.Reserve Bank Governor Tito Mboweni moved to damp that speculation last month, telling Parliament's finance committee that inflation would be "higher than expected" next year. "The situation is still very serious and we have to attend to that," he said.Inflation measured by the annual rise in CPIX accelerated to a record...
