A digital industrial policy, a revised mandate for the Reserve Bank and a blanket ban on privatisation of State Owned Enterprises , these are just some of the proposals that the South African Communist Party (SACP) will be putting on the table at its Special Congress.
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.