“Beware of pyramid schemes” – warns Reserve Bank

Johannesburg – The South African Reserve Bank on Thursday launched an awareness campaign aimed at educating members of the public about the risks of investing in pyramid schemes. Speaking at a media briefing in Johannesburg, Head of Group Strategy and Communications at the Reserve Bank, Hlengani Mathebula, strongly warned the public about illegal deposit-taking schemes. … Continue reading ““Beware of pyramid schemes” – warns Reserve Bank”

Reserve Bank leaves repo rate unchange at 5.5%

Pretoria – Much to the expectation of analysts, the Reserve Bank has decided to keep the repo rate unchanged at 5.5% at the first meeting of the Monetary Policy Committee this year. “The Monetary Policy Committee has decided to keep the repurchase rate unchanged at 5.5% per annum,” Reserve Bank Governor Gill Marcus said on … Continue reading “Reserve Bank leaves repo rate unchange at 5.5%”