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Tag Archives: Lesetja Kganyago

S. Africa increases repo rate, first time in three years

Johannesburg, S. Africa | Xinhua | South African Reserve Bank decided to increase the repurchase rate starting Friday by 25 basis points to 3.75 percent, the first time in three years, its governor Lesetja Kganyago announced on Thursday. Kganyago cited inflation as reason of the hiking. “Inflation risks have increased and …

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ANALYSIS: Africa’s new man at IMF

Top job for South African Lesetja Kganyago gives African countries sway Kampala, Uganda | DANNY BRADLOW | South Africa’s Reserve Bank Governor, Lesetja Kganyago, has been selected as the first sub-Saharan African to serve as chair of the International Monetary and Finance Committee. The chair is appointed by consensus. The three-year …

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