South Africa's inflation rate was steady in May, staying below the central bank's 3% to 6% target range as it pushes for the ...

South Africa’s headline inflation rate remained at 2.8% year on year in May, unchanged from the previous month as expected by ...

South Africa's central bank believes it has reached a "neutral zone" on interest rates after its latest cut and now needs government reforms to spark stronger economic growth, Reserve Bank ...

South African property CEOs have welcomed the recent interest rate cut by the Reserve Bank, but they’re also not convinced ...

Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say ...

The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy ...

The Reserve Bank’s Monetary Policy Committee will be meeting next week to decide on its next move on interest rates, with economists predicting a close call.

As it stands, opinion is divided over what the South African Reserve Bank's Monetary Policy Committee (MPC) may elect to do later this week.

As expected by most economists, the South African ... 2023, rates have been cut four times. But the last decrease was four months ago, with the MPC concerned about the impact of shock US tariffs - ...

The prime lending rate that banks use as a benchmark when lending to customers is 10.75%. For a while the cuts have been small but there cumulative effect has resulted in a full percentage point ...

New passenger car sales reached 31,741 units in May, up 30% from 24,419 units in May 2024. Light commercial vehicles, including bakkies and minibuses, increased 5.8% to 10,938 units. Medium and heavy ...

Photo: Kevin Lamarque/Reuters The South African Reserve Bank cut its main repo rate by 25 basis points to 7.25% on Thursday, as tensions with the U.S. continue amid ongoing global uncertainty.