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Sticking to the slow and steady path of normalisation

28 January 2022

At the January meeting of the Monetary Policy Committee (MPC), South Africa’s repo rate was raised by another 25 basis points (bps) to 4.00%. This was fully priced in by the market beforehand and didn’t catch many off-guard.

SARB decision lays a path to transition from emergency measures

28 January 2022

Following the South African Reserve Bank’s (SARB’s) decision to raise its repo rate by 0.25%, FNB will lift its prime lending rate by 0.25% with effect from Friday 28 January 2022.

MPC January 2022

28 January 2022

The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) once again raised the repo rate by 0.25% this month, with four members of the Committee voting in favour of an increase and one in favour of keeping rates unchanged.

Rising interest rates and wetness place a dampener on a potentially excellent agriculture season

28 January 2022

After a bullish start to the 2021/22 agriculture season with prospects of another excellent season despite cost pressures, the sector faces a further challenge of increased cost of debt following the South African Reserve Bank’s (SARB’s) decision to raise its repo rate by 0.25% and subsequently the prime lending rate to 7.5%. Although likely to be cautious, expectations are for further increases of 125 basis points through to 2023.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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