SA expects decisive leadership from the president, including the fight against Covid-19 and holding his Cabinet to account, writes Mpumelelo Mkhabela.
Rain showers. Mostly cloudy. Mild.
Kganyago noted that economic activity remains weak.
Economists expect the SA Reserve Bank's monetary policy committee to keep the repo rates unchanged at 6.75% on Thursday.
Although the consensus among economists is for a hold on interest rate hikes, they reckon the hiking cycle may be brought forward, given pressures on the rand.
As the US settles into the idea of president Trump, what will his policies mean for South Africa going forward?
South African Reserve Bank governor Lesetja Kganyago has announcement a 25 basis point increase to a level of 7% per annum.
The announcement was made by the central bank's governor Lesetja Kganyago at a media briefing in Pretoria on Thursday afternoon.
The risk that inflation will overshoot the 6% upper limit of the Reserve Bank’s target should not be underestimated given the volatile global environment, Deputy Governor Daniel Mminele said.
Two months can be a long time in monetary policy as well as politics, with the SARB's rate-setting committee set to meet with the rand at its strongest level since mid-2015.
South African Reserve Bank governor Lesetja Kganyago has announced that interest rates will remain steady at 7%.
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