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Repo rate hiked by 50bps to 6.75% - As it happened

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Cape Town - All eyes are now turned to Reserve Bank governor Lesetja Kganyago, who is due to announce the monetary policy committee’s latest rates decision at 15:00.

Economists have warned South Africans to expect an interest rate hike of up to 50 basis points as the rand hovers at record low levels.

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Rand - Dollar
16.53
-1.1%
Rand - Pound
19.76
+0.1%
Rand - Euro
16.97
+0.4%
Rand - Aus dollar
11.24
-0.1%
Rand - Yen
0.12
-0.9%
Gold
1,766.21
-2.4%
Silver
19.24
-3.7%
Palladium
1,936.57
+0.1%
Platinum
868.51
-2.1%
Brent Crude
113.50
+1.7%
Top 40
58,953
-3.3%
All Share
65,006
-3.1%
Resource 10
59,416
-7.1%
Industrial 25
80,333
-1.1%
Financial 15
14,357
-3.3%
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