Some economists say there’s room for the Reserve Bank to lower the repo rate shortly.
The local economy continues to be in a depressed state and the trend is set to continue for some months to come.
The South African Reserve Bank (SARB) September Quarterly Bulletin released this week has shown that households are struggling as the economy fails to grow.
South Africans can expect to see a continued loss of jobs when Statistics South Africa releases the Quarterly Employment Statistics later this week, while the Producer Price Inflation is expected to ease for the month of August.
ANC Secretary General Ace Magashule warned that as the party seeks to implement its resolutions, which include the nationalisation of the South African Reserve Bank, the country will continue to be under attack by the enemy. He told students at Wits University that, in every revolution, there’s a counter revolution that will derail the progress […]