Tag: unchanged

SARB cuts rates by 100 basis points to record low

The South African Reserve Bank has cut the repo rate by 100 basis points which leaves the repo rate at 4.25 per cent per annum. The May 2020 meeting of the MPC was moved earlier and took place today. The announcement comes a few weeks after the MPC cut the repo rate by 100 basis points in March as well. This is what the SARB governor Lesetja Kganyago had to say.

SARB keeps rates unchanged, here’s what it means for SA’s economic outlook

The South African Reserve Bank Governor, Lesetja Kganyago announced today that the reserve bank will keep the interest rate unchanged at 6.5 per cent. Kganyago said the MPC looked at the risks to the growth forecast to be on the downside. Annabel Bishop, Chief Economist at Investec joins CNBC Africa to give analysis.

Tracking market reaction to Lesetja Kganyago’s decision to leave repo rate unchanged

Mozambique's Ex-Finance Minister, Manuel Chang, returns to court tomorrow to fight for his freedom. Chang has been in police custody in South Africa for almost three weeks following his arrest for alleged fraud. The charges related to one of the biggest scandals in Maputo that led the country into default and the economy into tailspin. CNBC Africa's Fifi Peters filed this report.

Explainer: Why prime might go to 11% by 2019

Explainer: Why prime might go to 11% by 2019

Why SA deserves a downgrade

Why SA deserves a downgrade

SARB‘s Lesetja Kganyago responds to the KPMG saga

SARB‘s Lesetja Kganyago responds to the KPMG saga

SARB keeps repo rate unchanged at 6.75%

SARB keeps repo rate unchanged at 6.75%
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