The Reserve Bank will leave interest rates on hold this week but cut rates by 25 basis points in September, a poll suggested.
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President Cyril Ramaphosa on Monday welcomed last week’s milestone of 100 days without load shedding in South Africa.
Retailers are not obliged to accept cash as a means of payment, even though it is defined as legal tender.
November has been good to South Africa’s rand for the past five years. This time is different.
South African inflation quickened more than expected in October, approaching the upper end of the Reserve Bank’s preferred range.
The Reserve Bank will keep interest rates steady at its 21 September meeting, economists say, with cuts to start next year.
Headline consumer inflation fell more than expected to 4.7% year on year in July from 5.4% in June.
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Unplanned outages at Eskom’s generating fleet fell to less than 16GW in the past two months, President Cyril Ramaphosa said.
The Reserve Bank decided to halt interest rate hikes on Thursday for the first time since November 2021.