Reserve Bank warned it might drive unemployment after hiking rates
Higher interest rates will put pressure on businesses' cash flow.
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Higher interest rates will put pressure on businesses' cash flow.
The lender says it is looking to cut costs.
Governor Lesetja Kganyago noted households are suffering.
High interest rates also did the bank no favours, as it recorded 'moderate growth' in its home loan portfolio.
Rate path hinges on a ceasefire in the Middle East and how quickly oil prices come down, economists say.
Governor Lesetja Kganyago warned the ongoing Middle East war could interrupt the country's growth recovery.
Political fragmentation remains a concern in South Africa
While most economists said that the repo rate was too difficult to call, the MPC made the decision not to cut or increase.
The regional economy in Sub-Sahara Africa is forecast to expand by 4.3% in 2026, up from the World Bank's previous projection of 4.1% and an estimated 4.0% in 2025.
Former business associate claims Muhammad Karolia is a fraudster with a gambling problem.
Foreign exchange dealers must all make sure that they comply with Fica to ensure criminals do not use them to launder money or fund terrorism.