South African Reserve Bank

The MPC decided to reduce the policy rate by 25 basis points, to 8% per annum, with effect from 20 September. The decision was unanimous.

Chart of the week on the nominal exchange rate

[InPictures] The South African Reserve Bank and Finance Ministry held a memorial service for the late Finance Minister and Governor No.8, Tito Mboweni. Here is the link to the memorial: https://lnkd.in/ggVw7aSs

[InPictures] The South African Reserve Bank and Finance Ministry held a memorial service for the late Finance Minister and Governor No.8, Tito Mboweni. Here is the link to the memorial: https://lnkd.in/ggVw7aSs

[Watch Today} The South African Reserve Bank and the Ministry of Finance are hosting a joint memorial service for the late Finance Minister and Governor Tito Mboweni. The memorial service starts at 13h30. To watch the memorial service, click here: https://lnkd.in/ggVw7aSs

Did you know that #CODI automatically covers your qualifying deposits by up to R100 000 per deposit per bank? This means CODI fully protects 9 out of 10 people in the unlikely event of their bank failing. #FinancialSafetyNet.

Chart of the week comparing real GDP growth

Have you heard about the Corporation for Deposit Insurance #CODI? Ask your bank about the accounts in qualifying products or visit www.resbank.co.za/codi #CorporationforDepositInsurance #CODI #FinancialSafetyNet #DepositorProtection

The correct answer is CODI automatically covers your qualifying deposits by up to R100 000 per deposit per bank. This means 9 out of 10 people are fully protected by CODI in the unlikely event of their bank failing. Ask your bank about the accounts in qualifying products or visit www.resbank.co.za/codi

🌐 Have you already registered for the #IAISAnnualConference2024? The event will take place in person on 5-6 December in Cape Town, South Africa. 🔷 The theme of this year’s conference is “Licence to operate: the role of insurance in supporting societal resilience”. The Executive Committee Town Hall will share progress on key projects such as the finalisation and implementation of Insurance Capital Standard and discuss the outcome of the comparability assessment of the Aggregation Method. 🔷 Subsequent panels will focus on risks in the global #InsuranceSector, drawing on conclusions from our Global Monitoring Exercise, as well as our work on #Diversity, #Equity and #Inclusion and on the societal role of #Insurance. 🔷 A “View from the C-Suite” provides an opportunity for CEOs to discuss key challenges the sector is currently facing. Several roundtables are also planned to seek member and stakeholder feedback on IAIS initiatives. 👉 View the full programme and list of speakers: https://lnkd.in/ecdYhHNP ✏️ Register now! https://lnkd.in/eCEjsWAy ❗For IAIS members, the Annual Conference will be preceded by committee meetings and the Annual General Meeting. View the full programme for members only on the IAIS Members Extranet (login required): https://lnkd.in/eskawuFu A special thank you to the FSCA South Africa and the Prudential Authority within the South African Reserve Bank for hosting the event. #IAIS2024 #InsuranceNews #InsuranceIndustry