Feb 22, 2016 - MANCOSA

Day: Feb 22, 2016


SARB wrong to increase interest rates

The January reserve bank announcement was as expected, the sagacious reserve bank governor Lesetja Kganyago, a lonely figure addressing a quiet room of curious media. The nation waited dreading the words ‘a 50 basis point increase’, which finally was uttered. In the moments that followed the announcement the shock and stunning impact of the message…

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