South african reserve bank governor lesetja kganyago
Sarb governor says will look to keep lending rates predictable
The country suffered a decline in the first-quarter economic growth of 3.2%, the worst in a decade, as power outages by state utility Eskom hit mining, manufacturing and retailers.
Those in debt have received some relief on Thursday afternoon with the South African Reserve Bank (Sarb) decreasing the repo to 6.5%.64 days ago
The repo rate is the rate at which the central bank lends money to commercial banks.65 days ago