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Repo rate

Doom & gloom: SA's middle class feeling the pinch of rising cost of living

By Theto Mahlakoana

South Africa's middle class is having to make major adjustments as the rising costs of fuel, food prices and interest rates impact their way of life. Some of...

  • Screengrab of Sarb Governor Lesetja Kganyago announcing rate hike on 19 May 2022, @SAReserveBank

    Sarb's repo rate hike move was strong but necessary action - economist

    SA Reserve Bank Governor Lesetja Kganyago announced the increase, taking the repo rate to 4.75% and the prime rate to 8.25%.

    5 days ago
  • SA Reserve Bank Governor Lesetja Kganyago. Picture: Cindy Archillies/EWN

    Higher electricity and fuel prices pinned as reasons for repo rate hike

    Higher electricity and fuel prices leading to climbing inflation have been cited as the main reasons why the South African Reserve Bank has hiked the repo rate by 50 basis points.

    6 days ago
  • Screengrab of Sarb Governor Lesetja Kganyago announcing rate hike on 19 May 2022, @SAReserveBank

    'Yes, 50-point rate hike is painful, but Sarb has to tackle inflation upfront'

    Bruce Whitfield interviews Citibank economist Gina Schoeman after the South African Reserve Bank announced a repo rate increase.

    6 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter

    SA Reserve Bank increases repo rate by 50 basis points to 4.75%

    Governor Lesetja Kganyago made the announcement on Thursday afternoon.

    6 days ago
  • South African Reserve Bank (Sarb) Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter

    Economists expect SA Reserve Bank to hike reop rate to keep inflation in check

    There is consensus that the South African Reserve Bank will increase the repo rate on Thursday afternoon, with the only question being by how much.

    6 days ago
  • FILE: Reserve Bank Governor Lesetja Kganyago. Picture: GCIS.

    Kganyago: Impact of Russia-Ukraine war on oil prices affected repo rate hike

    He said on Thursday this after announcing that the monetary policy committee had decided to increase the repo rate by 25 basis points.

    62 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter

    Kganyago: Repo rate increases by 25 basis points to 4.25%

    South African Reserve Bank Governor Lesetja Kganyago said inflation was high due to a number of factors, including high electricity prices.

    62 days ago
  • South African Reserve Bank (Sarb) Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter

    Concerns that high inflation forecasts could force Sarb to hike interest rates

    Governor Lesetja Kjganyago on Thursday announced a 25 basis points hike in the repo rate to 4%.

    117 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter

    Increased inflation blamed for repo rate increase

    Reserve Bank Governor Lesetja Kganyago announced the MPC's decision on Thursday afternoon.

    118 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: AFP

    SA Reserve Bank hikes repo rate to 4%

    Reserve Bank Governor Lesetja Kganyago on Thursday announced the MPC's decision in Pretoria.

    118 days ago
  • FILE: Businesses have been under sever pressure since the COVID-19 outbreak touched our shores and there doesn't seem to be any break from the hardship on the horizon. Pixabay.com

    Trade union federations raise alarm over 'suffocation of economy'

    The Reserve Bank has hiked the repo rate by 25 basis points to 3.75% meaning its now more expensive to borrow money.

    187 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter

    Kganyago: Weaker rand, escalating wage demands led to repo rate was increase

    The Reserve Bank has increased the rate by 25 basis points to 3.75%.

    188 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: AFP

    Repo rate to increase to 3.75%

    South African Reserve Bank Governor Lesetja Kganyago made the announcement on Thursday afternoon at a press briefing.

    188 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: AFP

    Kganyago: Inflation in check for now but threats remain

    South African Reserve Bank Governor Lesetja Kganyago announced on Thursday that the reserve bank had decided to keep the repo rate unchanged at 3.5%.

    244 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter

    Repo rate to remain unchanged at 3.5%

    Reserve Bank Governor Lesetja Kganyago made the announcement on Thursday after a meeting of the Monetary Policy Committee.

    244 days ago
  • South African Reserve Bank (Sarb) Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter

    Kganyago expects economy to return to pre-COVID levels 'somewhere in 2023'

    South African Reserve Bank Governor Lesetja Kganyago also said that the effects of the looting would be felt for some time.

    306 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter

    Kganyago: SA’s inflation still in check as repo rate remains unchanged

    Governor Lesetja Kganyago announced the decision of the monetary policy committee on Thursday afternoon, saying the country's economy had continued to recover despite a number of setbacks.

    307 days ago
  • FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: AFP

    Sarb keeps repo rate at 3.5%

    Governor Lesetja Kganyago made the announcement on Thursday after a meeting of the monetary policy committee.

    307 days ago
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