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SARB AGM: Power cuts hobble growth

South Africa’s Reserve Bank held its 103rd annual meeting last Friday, the first in person meeting since the Covid-19 pandemic. The South African Reserve Bank’s annual general meeting followed its latest decision to keep the repo rate on hold earlier in the month. SARB Governor Lesetja Kganyago said the economy’s recovery from the pandemic was incomplete and that it faced multiple challenges of high inflation, low growth and a difficult external environment. To deduce what this could mean for monetary policy in future, CNBC Africa is joined by Izak Odendaal, Investment Strategist, Old Mutual Wealth.
Mon, 31 Jul 2023 11:08:33 GMT