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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 Governor Lesetja Kganyago.
SOUTH AFRICAN RESERVE BANK

Sarb Governor Lesetja Kganyago announces interest rate increase

The South African Reserve Bank has increased the repo rate to 7.25%, warning that fuel, food and electricity-price pressures could push inflation higher in the coming months.

  • 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
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
Lesetja Kganyago, Governor of the South African Reserve Bank. The South African rand has shown unexpected strength, raising speculation about a potential reduction in the repo rate. This article explores the economic factors at play and what they mean for consumers and businesses alike.
SOUTH AFRICAN RESERVE BANK

Could the strengthening rand lead to a repo rate cut?

The South African rand has shown unexpected strength, raising speculation about a potential reduction in the repo rate. This article explores the economic factors at play and…

  • Ashley Lechman
5 min read