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Reserve Bank governor Lesetja Kganyago announced on Thursday that the monetary policy committee had increased the repo rate by 25 basis points to 7%, effective from 29 May.
30 PERCENT TARIFF SOUTH AFRICA

Reserve Bank cuts interest rates to 7% in widely expected decision

With low inflation, the monetary policy committee said it is aiming for inflation to settle at 3% — the bottom of its target range — to spur economic growth

  • Aarti Bhana
4 min read
President Cyril Ramaphosa has reaffirmed South Africa’s place in the G20, rejecting his United States counterpart Donald Trump’s claim that the country would be excluded from next year’s summit (X)
30 PERCENT US TARIFF

SA won’t retaliate against US 30% import tariff, says trade department

The department of trade, industry and competition says it has no intention of decoupling from the US on trade relations

  • Aarti Bhana
3 min read
The South African Reserve Bank has room to consider an interest rate cut at this week’s monetary policy committee meeting. (Oupa Nkosi)
30 PERCENT TARIFF SOUTH AFRICA

Reserve Bank to lower interest rates again, economists forecast

Economists are also watching out for whether the central bank will adjust the target for inflation, which for now remains within a 3-6% target band

  • Aarti Bhana
4 min read
US President Donald Trump said this week that the tariff is meant to address the trade imbalance between South Africa and the US. (Photo: Evan Vucci/AP/picture alliance)
AFRICA US TRADE RELATIONS

Trump’s tariffs on China will affect South Africa’s growth

As well as the indirect effects of the onslaught against its biggest trading partner, the overall slowdown in the global economy will also be felt locally

  • Aarti Bhana
6 min read