Latest news with #FundiTshazibana
Bloomberg
5 days ago
- Business
- Bloomberg
South African Insurers to Face Climate Stress Test, SARB Says
South Africa's central bank plans to expand its examination of climate risk to the insurance industry, as it seeks to anticipate threats that can do far-reaching economic harm. 'This year we put out our first climate-risk scenario, common stress test, where we allow all of the banks to tell us how would they respond to a finance stress,' said South African Reserve Bank Deputy Governor Fundi Tshazibana. 'We are going to progress that to go to the insurance sector,' she told an event in Stellenbosch, South Africa, on Friday.
Bloomberg
21-05-2025
- Business
- Bloomberg
South Africa Central Bank Deputy Governor Says Inflation Goal Is Too Wide
South African Reserve Bank Deputy Governor Fundi Tshazibana said there is broad agreement that the country's 3% to 6% inflation target range is too wide. The SARB and the National Treasury have been in talks on a new inflation framework since February 2024 and she said that the technical teams conducting the discussions will give their recommendations soon.
