Business In The News South Africa

SA’s central bank cuts benchmark repurchase rate by 25 basis points

JOHANNESBURG, March 28  – South Africa’s Reserve Bank cut its benchmark repurchase rate, at which it lends to commercial banks, by 25 basis points as expected on Wednesday, saying the risks to the inflation outlook had subsided. The reduction will offer some relief for South African households bracing for a one percentage point increase in […]

Business In The News South Africa

Gigaba to face rating agencies and investors at IMF and World Bank meetings

JOHANNESBURG, October 12 – Finance minister, Malusi Gigaba, is set to meet with sovereign credit rating agencies and investors in Washington D.C. this week as he tries to quell fears about the country’s political and fiscal uncertainty. This comes as Gigaba has demanded that the Public Investment Corporation (PIC), the country’s biggest investor in the economy, reveal its investments […]