The rand has bounced back from a five-year low on expectations that the Reserve Bank will raise the repo rate as inflation grows.
GIll Marcus's surprise announcement that the repo rate will increase to 5.5% is in line with recent actions taken in other emerging economies.
Reserve Bank governor Gill Marcus has announced an increase of 50 basis points in the repurchase rate, due to a weak rand and inflationary risks.
Investors on Wednesday morning awaited Reserve Bank governor Gill Marcus's announcement on the repo rate.
Derivatives used to speculate interest rates tumbled after South African inflation was found to be lower than expected.
Reserve Bank governor Gill Marcus believes that while adjustments to tapering will be trying, it is ultimately good news.
The Reserve Bank's acknowledgment that a rate hike had been discussed extensively has caused the rand to strengthen and bond yields to go up.
The repo rate will remain unchanged at 5%, meaning that the prime lending rate from banks to consumers will stay at 8.5%, says Gill Marcus.
South Africa needs to shield itself against capital outflows by boosting its foreign currency reserves, says Reserve Bank governor Gill Marcus.
The cost of manufacturing goods in South Africa rose higher in August than last month, meaning more pressure on consumer prices.
Governor Gill Marcus says the South African Reserve Bank will maintain the current repo rate.
The SA Reserve Bank deputy governor has assured the public that the bank will react should inflation breach the 6% mark for a prolonged period.
SA inflation figures, indicators of growth in Europe and China, US corporate earnings reports and elections in Japan will make for a busy week.
The South African Reserve Bank has announced it would keep the repo rate unchanged at 5%.
The SA Reserve Bank will announce its latest rates decision. No change is expected as policymakers balance inflation risks against growth concerns.
Results show manufacturing has rebounded, but the outlook for the sector is expected to remain challenging.
The cost of goods leaving factories rose at a slower pace in May than the previous month, easing pressure on the Reserve Bank to raise interest rates.