Economy / General

Unemployment rate jumps to 16-year high of 29% in 2019 Q2

Formal employment drops 1.4% in past year

Inflation unchanged at 4.5% in June Higher readings expected towards 2020Q1

What does a 25 basis points drop in the Repo rate mean for the South African Economy?

Before we unpack the drop in the Repo rate, it is good to remind ourselves of the main reason that the South African Reserve Bank (SARB) exists.

SARB acknowledges cyclical disinflation with rate cut