SA schools that were reserved for white pupils during apartheid should recruit more black educators, teach more African languages and change admissions criteria, according to the country’s central bank governor.
Bank holds to steady course as governor keeps eye on inflation Lesetja Kganyago warned that load- shedding poses risks toinvestment and jobs 23 May 2021 - 05:18 By Hilary Joffe
The Reserve Bank has started to talk about when it might start talking about normalising interest rates - but, though it warned on Thursday of upside risks to inflation, it kept rates unchanged as expected, with most economists still expecting them to remain on hold until next year.
And Reserve Bank governor Lesetja Kganyago signalled on Thursday that even were the Bank s monetary policy committee to start raising rates again, monetary policy would remain accommodative .
AfricaS.Africa s c.bank to keep rates at record low 3.5% on May 20
Vuyani Ndaba
3 minute read
South Africa s Reserve Bank will keep its repo rate unchanged next week as inflation remains within the bank s comfort range despite showing signs of quickening in recent months, a Reuters poll found on Thursday.
All 25 economists surveyed this week said the central bank would keep its repo rate at a record low 3.5% at its May 20 meeting.
Elna Moolman, an economist at Standard Bank, said while global inflation forecasts were drifting higher, domestic inflation forecasts were comfortably inside the SARB s target range.
South Africa tries to keep inflation between 3%-6%.
JUSTICE MALALA | The truly worrying thing about Sexwale is that he’s by no means alone The Tokyo Sexwale debacle is an indicator of how gullible South Africans are and it’s very worrying 25 April 2021 - 20:00
The only thing worse than seeing politician and businessman Tokyo Sexwale embarrass himself so spectacularly last week was realising how many people believed his tall tales.
That so many seemingly smart, rational, considered people even said his wild utterances deserved serious investigation tells you something about this country: we are closer to disaster than we think. We have become uncritical in accepting falsehoods because we saw them “on the internet” or because “I received an e-mail”. We don’t stop to interrogate falsehoods or apply our mental faculties. Things are true because they came to us through a screen. This is why charlatans such as “Prophet” Shepherd Bushiri and the Guptas proliferate here. We are a country of schmucks, ready fo