Repo rate
Doom & gloom: SA's middle class feeling the pinch of rising cost of living
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...
SA Reserve Bank Governor Lesetja Kganyago announced the increase, taking the repo rate to 4.75% and the prime rate to 8.25%.
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.
Bruce Whitfield interviews Citibank economist Gina Schoeman after the South African Reserve Bank announced a repo rate increase.
Governor Lesetja Kganyago made the announcement on Thursday afternoon.
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.
He said on Thursday this after announcing that the monetary policy committee had decided to increase the repo rate by 25 basis points.
South African Reserve Bank Governor Lesetja Kganyago said inflation was high due to a number of factors, including high electricity prices.
Governor Lesetja Kjganyago on Thursday announced a 25 basis points hike in the repo rate to 4%.
Reserve Bank Governor Lesetja Kganyago announced the MPC's decision on Thursday afternoon.
Reserve Bank Governor Lesetja Kganyago on Thursday announced the MPC's decision in Pretoria.
The Reserve Bank has hiked the repo rate by 25 basis points to 3.75% meaning its now more expensive to borrow money.
The Reserve Bank has increased the rate by 25 basis points to 3.75%.
South African Reserve Bank Governor Lesetja Kganyago made the announcement on Thursday afternoon at a press briefing.
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%.
Reserve Bank Governor Lesetja Kganyago made the announcement on Thursday after a meeting of the Monetary Policy Committee.
South African Reserve Bank Governor Lesetja Kganyago also said that the effects of the looting would be felt for some time.
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.
Governor Lesetja Kganyago made the announcement on Thursday after a meeting of the monetary policy committee.