Reserve Bank Governor Lesetja Kganyago has announced a 25-basis-point rate cut for South Africa, lowering the prime lending rate to 11%—the third consecutive reduction by the Central Bank. This move ...

Monetary Policy Committee (MPC) has decided to reduce the repo rate by 25 basis points, with effect from 31 January 2025.

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with South Africa.

We noted a further improvement in profitability of companies and that just really gives a better environment for salary increases; a better ability for companies to afford better salary increases,’ ...