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Repo Rate

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Kaya Biz

SARB keeps the repo rate unchanged at 8.25%

Zuko Komisa Image: SA Reserve Bank The repo rate is unchanged at 8.25%. The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has decided to maintain the repurchase rate, or repo rate, at 8.25%, with unanimous consent, according to Governor Lesetja Kganyago of the bank. https://www.kaya959.co.za/news/president-ramaphosa-has-reappointed-lesetja-kganyago-as-sarb-governor/ Also Read: EFF supports DA’s call for Motion of No Confidence in Mapisa-Nqakula Arthur Kamp, Sanlam Investments Chief Economist joins Gugulethu […]

today28/03/2024

new SA banknotes

NEWS

SA Reserve Bank says repo rate remains unchanged at 8.25%

Zuko Komisa Image: SA Reserve Bank SA Reserve Bank says repo rate remains unchanged at 8.25%. There was a slight sigh of relief as the South African Reserve Bank Governor Lesetja Kganyago announced that the repo rate remains unchanged at 8.25%. As inflation continues to move downward, dropping to a 20-month low in June and staying below the Bank's 3%-6% target range, the SA Reserve Bank left the repo rate […]

today20/07/2023

South African money (ZAR)

NEWS

SARB to make repo rate announcement on Thursday

Zuko Komisa ZAR banknotes and coins/ Pexels Repo rate announcement to be made on Thursday. South Africans will be waiting with bated breath to hear the South African Reserve Bank (SARB)'s decision on what the new repo rate will be. The repo rate refers to the rate at which the South African Reserve Bank lends money to private banks, it also dictates how much people pay on existing loans for (credit […]

today17/07/2023

NEWS

The repo rate has been raised by 25 basis points

By Zuko Komisa The South African Reserve Bank has announced that the repo rate has been raised by 25 basis points. Lesetja Kganyago, the governor of the South African Reserve Bank, made this announcement on Thursday following a meeting of the Monetary Policy Committee (MPC). The new prime lending rate is going to be 10.75%. According to him, load shedding is having a negative impact on the economy, raising major […]

today26/01/2023

Black Friday

NEWS

One shopper already spent R400K on Black Friday deals

By: Natasha Archary Nothing stops South Africans from taking advantage of Black Friday deals, not even the South African Reserve Bank hiking up the repo rate by 75 basis points to 7%. Scores of shoppers braved midnight queues to enter stores and grab big ticket deals such as TVs, fridges, laptops and more. According to the Black Friday/Cyber Monday tracking dashboard on PayFast, one South African shopper has already spent […]

today25/11/2022

reserve bank repo rate

NEWS

Reserve Bank hikes repo rate up by 75 basis points to 7%

By: Natasha Archary The South African Reserve Bank has announced a hike in the repo rate by 75 basis points from 6.25% to 7%. This will be in effect from 25 November, with three members of the Monetary Policy Committee (MPC) in favour of the 75 basis points increase. Two other members of the MPC would have preferred a 50 basis point increase. The 75 basis points hike pushes the […]

today24/11/2022

Kaya Biz

The Reserve bank governor Lesetja Kganyago has increased the repo rate by 75 basis

By Zuko Komisa The South African Reserve Bank increased interest rates by 75 basis points, bringing the repo rate back to pre-Covid-19 levels at 6.25% annually. Three members voted in favour of the already announced 75 basis point rate increase, while two members favoured a rate increase of 100 basis points. This rate increase of 75 basis points is the second one in a row. Also Read: The Real Housewives […]

today23/09/2022

NEWS

SARB hikes repo rate by 50bps

Kaya 959 Reporter On Thursday, the South African Reserve Bank (Sarb) increased the repo rate by 50 basis points (bps), the most since 2016. The hike, which brings the bank's benchmark rate to 4.75 per cent and commercial banks' prime lending rate to 8.25 per cent, was fueled by rising global inflation. Following the conclusion of the bank's May Monetary Policy Committee (MPC) meeting, SARB Governor Lesetja Kganyago announced the rate […]

today19/05/2022

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Privacy Policy

THIS PRIVACY STATEMENT FORMS PART OF KAYA 959’S TERMS OF USE POLICY. IF YOU DO NOT AGREE WITH ANY TERM OF THIS PRIVACY STATEMENT, YOU MUST CEASE YOUR ACCESS OF THIS WEBSITE IMMEDIATELY. 

POPIA ActTo promote the protection of personal information processed by public and private bodies; to introduce certain conditions so as to establish minimum requirements for the processing of personal information; to provide for the establishment of an Information Regulator to exercise certain powers and to perform certain duties and functions in terms of this Act and the Promotion of Access to Information Act, 2000; to provide for the issuing of codes of conduct; to provide for the rights of persons regarding unsolicited electronic communications and automated decision making; to regulate the flow of personal information across the borders of the Republic; and to provide for matters connected therewith.

RECOGNISING THAT—

  • section 14 of the Constitution of the Republic of South Africa, 1996, provides that everyone has the right to privacy;
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  • the State must respect, protect, promote and fulfil the rights in the Bill of Rights;

AND BEARING IN MIND THAT—

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AND IN ORDER TO—

  • regulate, in harmony with international standards, the processing of personal information by public and private bodies in a manner that gives effect to the right to privacy subject to justifiable limitations that are aimed at protecting other rights and important interests,
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1.1.“Personal Information” means information relating to an identifiable, living, natural person and where it is applicable, identifiable, existing juristic person, including all information as defined in the Protection of Personal Information Act 4 of 2013. 

1.2  Parliament assented to POPIA on 19 November 2013. The commencement date of section 1Part A of Chapter 5section 112 and section 113 was 11 April 2014. The commencement date of the other sections was 1 July 2020 (with the exception of section 110 and 114(4). The President of South Africa has proclaimed the POPI commencement date to be 1 July 2020.

 
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  1. Queries

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