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The South African Reserve Bank revised the country's growth outlook for this year to 0%.
The South African Reserve Bank's MPC kept the repo rate unchanged.
Governor Lesetja Kganyago says growth looks set to remain extremely low in the near term.
Economists have raised concerns over issues affecting the country's economic growth.
Economists predict the Reserve Bank will hike the rate in the second quarter of 2016.
Lesetja Kganyago says the MPC was unanimous when deciding to keep the repo rate unchanged.
Widespread approval follows Reserve Bank Governor Lesetja Kganyago's decision to keep the rate unchanged.