The South African Reserve Bank raised the repo rate to 7%, increasing pressure on consumers amid rising inflation and financial difficulties.
The South African Reserve Bank maintains the repo rate at 6.75%, citing global uncertainty’s inflation risks amid the Middle East conflict.
South Africa faces renewed inflation risks despite brief market relief, driven by rising fuel costs and import dependence.
South Africans await the SARB’s interest rate decision, as global tensions complicate the previously optimistic inflation and borrowing outlook.
Inflation for 2025 has come in at 3.2% – just marginally higher than the 3% target set by the Reserve Bank. Even though towards the end of 2025, there was…