South African Reserve Bank

 A mixed bag for SA’s economy

Surviving economically has become an extreme sport, and now SA’s unemployment has hit another record high. 😱 Our unemployment rate increased to a dismal 35.3% during October – December 2021. That’s up slightly from 34.9% during the same period the previous year. Basically, we keep producing more adults entering the workforce but not enough jobs …

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SA’s economic green shoots

You may have not noticed, but lately, the economy has been behaving pretty well. South African Reserve Bank Governor Lesetja Kganyago, in his monetary policy review on Tuesday, said the country is experiencing an economic boom largely driven by commodities, resulting in tax overruns (read: more cash in the state’s purses), as well as stronger …

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Got money?

When the pandemic hit, did you have a plan for your finances, especially knowing that you could lose your job or have your salary cut? Or did you continue spending thinking you’ll always have money in the bank? It seems more of you did the former. The South African Reserve Bank found that more people …

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Interest rate unchanged at 3.5%

The South African Reserve Bank (SARB) today announced its decision to hold the interest rate at its all-time low of 3.5%, citing Covid-19 uncertainty and the looming third wave. Economists predicted that SARB governor Lesetja Kganyago will maintain the 3.5% rate for the whole of 2021. Since the start of the pandemic last year, the …

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