Streaming issues? Report here
money-show-thumbnailjpg money-show-thumbnailjpg
The Money Show with Bruce Whitfield
18:00 - 20:00
volume_up
volume_mute

Up Next: The Aubrey Masango Show
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00
Home
arrow_forward
Business
fiber_manual_record
Local

[ALERT] Reserve Bank keeps repo rate stable at 6.75%

18 January 2018 3:24 PM
Tags:
South African Reserve Bank
Interest rates
Repo rate
Lesetja Kganyago

Governor Lesetja Kganyago made the announcement in Pretoria on Thursday afternoon.

PRETORIA – South African Reserve Bank (Sarb) Governor Lesetja Kganyago has announced that the repo rate will remain unchanged at 6.75%.

The repo rate is the rate at which the central bank lends money to commercial banks.

The prime lending rate, which is the interest charged by banks to clients, will remain at 10.25%.

Kganyago says core inflation remains looks set to improve due to a better inflation rate - with growth also expected to improve to 0.9%.

The Sarb governer says possible rating downgrades and struggling state-owned entities were taken into account.

Kganyago says consumer spending is set to pick up this year with a few factors influencing this.

“Although consumers will be adversely affected by possible tax increases, expenditure is expected to be underpinned by lower inflation and Positive real wage increases.”

He also says inflation is expected to stay within the target range of between 3-6%.

“Inflation is expected to reach a low point below the midpoint, but it’s then expected to resume an upward trajectory and measure 5.5% in the final quarter of next year.”

Kganyago adds the rand received a boost following the ANC’s national conference, but the local currency remains vulnerable to the political situation.


This article first appeared on EWN : [ALERT] Reserve Bank keeps repo rate stable at 6.75%


18 January 2018 3:24 PM
Tags:
South African Reserve Bank
Interest rates
Repo rate
Lesetja Kganyago

More from Business

vineyard-sunrisejpg

Boosting wine tourism: Netflix film to star Cape Winelands as travel destination

24 November 2020 8:43 PM

Think what a film like A Good Year did for Provence! Writer/director Richard Truter talks about development of Another Tomorrow.

Share this:
Read More arrow_forward

thumbs-down2jpg

Reserve Bank warns of dire consequences for SA if govt goes into debt distress

24 November 2020 7:46 PM

The creditworthiness of banks and insurers will be among the casualties. Bruce Whitfield interviews Kokkie Kooyman (Denker).

Share this:
Read More arrow_forward

uif-logo2jpg

'UIF has significant assets' although Nxesi warns of collapse if Ters extended

24 November 2020 6:52 PM

Ters should be extended further says B4SA's Robert Legh. But the Labour Minister is worried about ordinary UIF beneficiaries.

Share this:
Read More arrow_forward

Nigerian Naira banknote Ugandan shilling bill 123rfbusiness 123rf

Take heart – African financial markets are innovating, the pandemic shows

24 November 2020 11:35 AM

Covid-19 shows how African financial markets have developed since the 2008 Global Financial Crisis, says George Asante (Absa).

Share this:
Read More arrow_forward

break bad habits build good 123rf

20 liberating habits to break your limiting ones, by Pepe Marais

23 November 2020 8:07 PM

The Money Show’s Bruce Whitfield interviews Pepe Marais about his new book, "20 Habits That Break Habits".

Share this:
Read More arrow_forward

131022wolworths3 .jpg

Woolworths announces 'Woolies Dash' to take on Checkers’ wildly popular Sixty60

23 November 2020 8:04 PM

Better late than never. Woolies now has its very own "home deliveries within an hour" service, says Evan Walker (36ONE).

Share this:
Read More arrow_forward

JSE Johannesburg Stock Exchange 123rf 123rfbusiness

Naspers-owned Prosus (owner of Tencent) starts JSE's largest share buyback ever

23 November 2020 7:35 PM

The Money Show’s Bruce Whitfield interviews Basil Sgourdos, CFO at Naspers.

Share this:
Read More arrow_forward

new-pep-logo2jpg

Pepkor Holdings profits fall 34% but gains 'significant' market share

23 November 2020 7:28 PM

The Money Show’s Bruce Whitfield interviews Leon Lourens, CEO at Pepkor Holdings.

Share this:
Read More arrow_forward

healthcare-worker-frontline-Covid-19-hospital-staff-PPE-face-shield-mask-123rf

Netcare profits hit by Covid-19. Embarks on a job preservation strategy

23 November 2020 7:05 PM

The Money Show’s Bruce Whitfield interviews Dr Richard Friedland, CEO at Netcare.

Share this:
Read More arrow_forward

Garbage junk

Is South Africa on the brink of default? No, says Ramaphosa economic advisor

23 November 2020 6:28 PM

South Africa's economy is a piece of junk. Bruce Whitfield interviews Trudi Makhaya, the Presidential economic advisor.

Share this:
Read More arrow_forward

More from Local

makhubojpg

Zondo commission hears of questionable payments to Geoff Makhubo and Zizi Kodwa

25 November 2020 5:52 PM

EWN reporter Nthakoana Ngatane gives a summary about what happened at the state capture commission.

Share this:
Read More arrow_forward

Hospital nurses doctors 123rf

Gauteng Health to hold nurses' day of prayer

25 November 2020 4:24 PM

Charlotte Maxeke Academic Hospital operational manager Zengezile Makhombothi talks about challenges they faced during COVID-19.

Share this:
Read More arrow_forward

period-painsjpg

Scotland's move to be first nation to make tampons and pads free gets full marks

25 November 2020 1:58 PM

Tekano Atlantic Fellowship Health Equity South Africa CEO Lebo Ramafoko says these are shifts we want to see in our government.

Share this:
Read More arrow_forward

201125-benoni-truck-fire-edjpg

Truck owners need to hire SA drivers, not foreigners - All Truck Drivers Forum

25 November 2020 1:00 PM

All Truck Drivers Forum and Allied South Africa secretary Sifiso Nyathi says his members are not involved in the truck attacks.

Share this:
Read More arrow_forward

Candle Eskom 123rf 123rfbusiness 123rflifestyle

Khato Civils takes responsibility for death of Hammanskraal boy

25 November 2020 12:35 PM

CEO of the company Mongezi Mnyani says there was no barricade where the incident happened.

Share this:
Read More arrow_forward

oathjpg

THE RELEVANCE OF TAKING AN OATH: Let's recognise those who do right visibly

25 November 2020 12:27 PM

Ethics Institute senior research specialist Paul Vorster says when we discuss honour code we always refer to those who do wrong.

Share this:
Read More arrow_forward

201125-benoni-truck-fire-edjpg

Parts of N12 near Daveyton temporarily closed after 2 trucks are set on fire

25 November 2020 8:45 AM

EMPD's Kobeli Mokheseng has urged motorists to used alternative routes as that section of the highway is closed.

Share this:
Read More arrow_forward

Gender-based violence women's abuse domestic violence 123rfpolitics 123rf

'I was abused and I was raped by Mr X from when I was 10 until I was 16'

25 November 2020 8:05 AM

Sexual abuse survivor Debbie Wade shares how she was sexually abused by an elite swimming coach over 40 years ago.

Share this:
Read More arrow_forward

vineyard-sunrisejpg

Boosting wine tourism: Netflix film to star Cape Winelands as travel destination

24 November 2020 8:43 PM

Think what a film like A Good Year did for Provence! Writer/director Richard Truter talks about development of Another Tomorrow.

Share this:
Read More arrow_forward

sabc-newsjpg

SABC a reflection of ANC and government ambiguity - Carol Paton

24 November 2020 6:56 PM

Journalist says the question for Ramaphosa will be if he can't do it at the broadcaster, can he do it in the rest of the economy?

Share this:
Read More arrow_forward