interest ratelatest 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.

VAT hike: A tough choice or a risk to economic recovery?

There are alternatives which don’t add to the financial burden of citizens and which are better for fiscal sustainability

5 min read
South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images

Reserve Bank holds interest rate at 7.5%

The monetary policy committee said it remains vigilant amid risks to inflation outlook on the global and domestic front

  • 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.

Inflation slows sharply in October, paving the way for another interest rate cut

Data from Statistics South Africa showed that the CPI annual rate braked to 2.8% – a four-year low

  • Eyaaz
3 min read
Reserve Bank governor Lesetja Kganyago

Reserve Bank likely to keep interest rates unchanged next week

Consumer inflation has eased but is still not comfortably within the central bank’s target of 3% to 6% This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read
The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.

Consumer inflation eases in April, but interest rate cut still unlikely this month

The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023 This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read
Small food businesses and inflation

Inflation edges up in February, driven by food and transport, among other costs

The consumer price index rose 5.6% year-on-year in February and was at 1.0% month-on-month

  • Des Erasmus
2 min read