inflation targetinglatest news & developments
Reserve Bank governor Lesetja Kganyago

Reserve Bank cuts rate by 25 basis points to 7.25%

The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy

  • Aarti Bhana
3 min read
Consumer inflation edged higher to April to 2.8% year-on-year from 2.7% in March, driven mainly by the housing and utilities as well as the alcoholic beverages and tobacco categories, Statistics South Africa said on Wednesday.

April consumer inflation edges higher to 2.8% year-on-year

April’s slight uptick suggests that the Reserve Bank will keep the benchmark repo rate at 7.5% next week

  • Aarti Bhana
2 min read
South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images

Reserve Bank cuts repo rate to 7.5%

This was despite the central bank highlighting upside risks to the inflation outlook

  • Aarti Bhana
2 min read
Former finance minister, Tito Mboweni. (Waldo Swiegers/Bloomberg/Getty Images)

Business leaders remember Mboweni as self-starter, resolute

He leaves a legacy as a champion of labour rights, fiscal and monetary reform and prudent government spending

  • Des Erasmus
5 min read