South Africa welcomes 1st small interest rate cut in 4 years
South African economy under strain as MPC opts for modest repo-rate cut
There are scenarios where inflation could undershoot the baseline focus, if oil prices are lower or the exchange rate appreciates further
EFF: Poor South Africans needed bigger repo rate cut
The Economic Freedom Fighters believe poor South Africans would have benefitted from a larger repo rate cut. On Thursday, the South African Reserve Bank’s Monetary Policy Committee reduced the repo rate by 25 basis points. It was the central bank’s first rate cut since 2020 and came in response to lower consumer inflation.
South Africa central bank joins rate cut movement
South Africa’s central bank cut its benchmark interest rate for the first time since 2020 on Thursday, joining other nations in reducing borrowing costs as inflation eases. Central banks worldwide hiked rates after inflation soared in the wake of the Covid pandemic and Russia’s invasion of Ukraine,
South African Reserve Bank cuts interest rate
There was good news for South Africans in debt on Thursday when the SARB's monetary policy committee elected to cut the interest rate.
South Africa Lowers Interest Rates for First Time Since 2020
South Africa’s central bank cut interest rates for the first time in four years and signaled a more optimistic outlook for inflation. Danelee Masia, Deutsche Bank, South Africa and Sub-Saharan Africa Chief Economist,
South Africa Is First Country to Lower Rates After Fed Cut
SARB cut its main benchmark rate by a quarter percentage point to 8%.
It’s good, but not great: South Africa first interest rate cut in four years
Although there is not a significant savings for South Africa bond holders, the 0.25 cut was met with a sigh of relief from homeowners who have been holding on tight during the upw
South Africa Seen Sticking to Modest Rate Cut Despite Fed Cut
The South African Reserve Bank will likely lower interest rates by 25 basis points on Thursday, despite a larger-than-expected overnight move by the Federal Reserve as it turns the screws on inflation.
South Africa Treasury’s Guma Leaves, Reform Unit to Remain Priority
South Africa’s National Treasury said its “pool of skilled and competent officials” is sufficient to ensure that the work of ...
Moneyweb15m
Economists split on how deep South Africa’s easing cycle will be
Kganyago himself gave little away on how much further rates would ease, though he didn’t sound impressed by calls for bolder ...
CNBC Africa2h
South African Markets – Factors to watch on Sept 20
The following scheduled economic event, company announcement, equity and currency market moves may affect South African ...
South Africa’s move to green energy was slowed down by government to protect coal mining
By 2021, South Africa committed to raising US$8.5 billion (R161.5 billion) to transition the country to a low-carbon economy.
The Citizen13d
South Africa’s economy needs a shot in the arm, not austerity
Cuts to public investment can actually lead to higher public debt, undermine development avenues and democracy, and lead to ...
The Kenya Times on MSN42mOpinion
Why China Is Seeking Greater Presence in Africa – The Strategy Behind Its Financial Deals
The relationship between China and Africa is set to deepen. At a summit in Beijing in early September, China’s president, Xi ...
South Africa’s Work Visa Reform Plans Slowed by Tax Issues
South Africa’s plan to attract more professionals to its skills-starved economy through the introduction of a so-called nomad ...
Zawya12h
South Africa: Sanedi shares lessons from 12L tax incentive success
The incentive has been able to generate new jobs, maintain existing jobs, and generate a residual effect of indirect jobs ...