SARB Governor Lesetja Kganyago is due to announce the MPC’s September decision on South Africa’s 7% policy rate, after economists differed over a 25-basis-point hike or a hold.
South Africa’s latest economic number tells a bigger story.
The South African rand continues its impressive rally, trading at R15.92 against the US dollar, as international oil prices decline. With crucial economic data from the US on the…