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Sage Tax-Year End Ahead of the Curve What If?

27 Jan

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Smaller-than-expected rate hike: Good news is bad news

Helena Wasserman

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A general view of the South African Reserve Bank in Pretoria.

A general view of the South African Reserve Bank in Pretoria.

Gallo Images/Lefty Shivambu

While the Monetary Policy Committee's first meeting of 2023 delivered a less painful rate hike than expected, the good news reeks of bad news.

The more dovish stance comes as the SA Reserve Bank (SARB) sounded the alarm on the economy, and slashed its growth expectations for the next three years.

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