Reserve Bank stays put on rates but hike expected in November
Kganyago emphasises any policy moves will be data dependent
Lynley DonnellyThe SA Reserve Bank (SARB) has maintained its rate holding streak, even as it lays the groundwork for a potential rate hiking cycle that could start as soon as November.The Bank’s monetary policy committee voted unanimously to keep the benchmark interest rate at a record low of 3.5%, in line with market expectations, with its internal modelling pointing to a round of rate hikes starting in the fourth quarter of this year and running through 2022 and 2023. ..
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Growth vs jobs paradox | CitypressSA Reserve Bank predicts 5.3% economic growth for the remaining part of year, despite the alarming rate of job losses. There will be no growth without jobs. There are no jobs without infrustructure investment & development by a capable government which SA doesn't have. Financialized economy isn't the real economy, that's why it measures 5% growth during record unemployment. No paradox
Palm oil futures expected to stay strong until MarchIndonesia’s biofuel mandate and higher export taxes underpin prices
City unmoved by plea for rates reliefPensioners plunged into despair by sudden huge rates bills while Government departments owe the municipality a whopping R991 million for rates and services We’ll resolve our plea at the ballot box. Time for a new party with a vision for the future. SA, ANC and EFF can’t solve our problems.
‘We are not voting for the ANC’, Thembisa residents tell RamaphosaAngry residents complain to president ahead of November 1 election Tjo.. Ziyakhala 🙆♂️🙆♂️ Haha all 15 of them. The rest of us know where our importance lies. The candidate.