The South African Reserve Bank’s (Sarb) Monetary Policy Committee (MPC) has left the repo rate at 7%.
The prime lending rate will remain at 10.5%.
The decision was unanimous.
Ray White (in for Bruce Whitfield on The Money Show) interviewed Citadel Chief Strategist Dr Adrian Saville about the rates decision and the state of the South African economy.
Scroll down for quotes from the audio below.
The economy is anaemic, at best.— Dr Adrian Saville, Citadel
Growth averaged about 2% over the past decade.— Dr Adrian Saville, Citadel
Unfortunately, this interest rate decision won’t increase investment spending.— Dr Adrian Saville, Citadel
It’s not about the type of policy; it’s about the stability thereof.— Dr Adrian Saville, Citadel
Singapore's Ha-Joon Chang said that 95% of economics is common sense!— Dr Adrian Saville, Citadel
400 000 students too many enrol at universities, placing a huge burden on the system, says Statistician-General Pali Lehohla.
The Council denies it has anything to do with his support for Gordhan, despite it being seen as contrary to the BBC's position.
The Money Show’s Bruce Whitfield interviews Tax Ombud Judge Bernard Ngoepe.
Will he hike taxes? How will he address Fees Must Fall? Here's what to expect from this year’s Mid-Term Budget Policy Statement...
From obscene fortunes to the inspirational founders of some of the world’s most profitable companies…
The Money Shows Bruce Whitfield interviews Landman - author of “The Long View" - on his money history, beliefs, hopes, fears, etc.