The rand has extended its recent rally, strengthening to a fresh 20-month high against the US dollar.
Browsing: South African Reserve Bank
The South African Reserve Bank cut its main interest rate for the first time in more than four years on Thursday.
Debit cards already handle the lion’s share of transactional value, despite cash being used in higher volumes.
Inflation fell more than expected in July, opening the way for interest rate cuts from next month.
Every government should adopt evidence-based policies – and no good case has been built for the assumptions in the IRP 2023.
Retailers are not obliged to accept cash as a means of payment, even though it is defined as legal tender.
South African inflation quickened more than expected in October, approaching the upper end of the Reserve Bank’s preferred range.
Unplanned outages at Eskom’s generating fleet fell to less than 16GW in the past two months, President Cyril Ramaphosa said.
Inflation has fallen below the Reserve Bank’s target ceiling for the first time in 14 months.
The crisis may have reduced the nation’s economic growth rate by as much as 3.2 percentage points last year.