lesetja kganyagolatest news & developments
With consumer debt, fuel costs and household expenses rising, financial experts warn that the latest repo rate increase could further weaken disposable income and increase financial distress.
RESERVE BANK

Higher repo rate adds to pressure on South African households ahead of festive season

With consumer debt, fuel costs and household expenses rising, financial experts warn that the latest repo rate increase could further weaken disposable income and increase…

  • Ashley Lechman
7 min read
South African Reserve Bank Governor Governor Lesetja Kganyago announced an increase in the interest rate on Wednesday.
SOUTH AFRICAN RESERVE BANK

Sarb hike: Are higher-for-longer rates back?

Could this be the last rate hike – or just the beginning?

  • Ashley Lechman
6 min read
South African households face higher debt repayments after the Reserve Bank raised the repo rate to 7.25%, with Debt Rescue warning that consumers have little room left in their budgets.
SOUTH AFRICAN RESERVE BANK

Repo rate rises to 7.25% as South African households face renewed financial pressure

South African households face higher debt repayments after the Reserve Bank raised the repo rate to 7.25%, with Debt Rescue warning that consumers have little room left in their…

  • Ashley Lechman
5 min read
South African Reserve Bank Governor Lesetja Kganyago.
LESETJA
Video

Watch: Sarb Governor Lesetja Kganyago announces September interest-rate decision

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.

  • Ashley Lechman
4 min read
Seeff Property Group chairman Samuel Seeff says the Reserve Bank should hold the repo rate this week, warning that another increase would put further pressure on households, property owners and the economic recovery.
SOUTH AFRICAN RESERVE BANK

Property sector urges SA Reserve Bank to hold repo rate and protect fragile economic recovery

Seeff Property Group chairman Samuel Seeff says the Reserve Bank should hold the repo rate this week, warning that another increase would put further pressure on households,…

  • Ashley Lechman
5 min read
Economists say interest rates are likely to rise.
LESETJA KGANYAGO

How much could the Reserve Bank raise rates this week? Economists weigh in

The Fed has raised rates, fuel prices are climbing and the rand is under pressure. What will the Reserve Bank do?

  • Ashley Lechman
4 min read
South Africa’s economic activity showed tentative improvement in August, but higher oil prices and the looming Reserve Bank decision continue to threaten the recovery.
SOUTH AFRICA ECONOMY

Sunday Review: South Africa’s recovery is gaining ground — but for how long?

South Africa’s economic recovery is showing green shoots — but the threats to it are mounting.

  • Ashley Lechman
  • Yogashen Pillay
4 min read
SARB Governor Lesetja Kganyago. File picture: Simphiwe Mbokazi
INTEREST RATE

Brace yourself, South Africa: a rate hike could be on the cards this week

Economists unpack the forces that could shape the Reserve Bank’s interest rate decision.

  • Ashley Lechman
6 min read
South Africa’s inflation rate fell sharply to 4.3% in July, but rising oil prices and higher fuel costs could push inflation higher again in the months ahead.
INFLATION

South Africa inflation outlook in focus as oil prices put pressure on September rate decision

South Africa’s inflation eased to 4.3% in July, but higher oil and fuel prices could slow further progress ahead of the Reserve Bank’s September interest-rate decision.

  • Ashley Lechman
4 min read
The US Federal Reserve’s September interest-rate decision could influence the rand, fuel prices and the South African Reserve Bank’s policy debate. Economists are divided between a rate hike and a hold as inflation and growth data send mixed signals.
FOMC

Fed rate decision could put pressure on rand and South African households

How the US Federal Reserve's September interest-rate decision could impact the rand and South African fuel prices?

  • Ashley Lechman
4 min read
The Reserve Bank’s decision to hold the repo rate at 7% highlights the limits of monetary policy as South Africa faces imported inflation, weak growth and deep municipal dysfunction.
LESETJA KGANYAGO

A 7% interest rate won't fix an oil shock, or a broken municipality

The Reserve Bank’s decision to hold the repo rate at 7% highlights the limits of monetary policy as South Africa faces imported inflation, weak growth and deep municipal…

  • Redge Nkosi
7 min read
South African Reserve Bank (SARB) Governor Lesetja Kganyago says nationalising the SARB's private shareholding would change almost nothing operationally.
SA RESERVE BANK

Nationalising the SARB: A symbolic ownership change or a risk to SA's economic stability?

Supporters believe sole State ownership would eliminate an historical anomaly and strengthen national sovereignty. Opponents believe it risks creating precisely the perception…

  • Siphelele Dludla
7 min read