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SA Reserve Bank follows through on its promise

24 July 2015

The South African Reserve Bank’s Monetary Policy Committee (MPC) followed through today on previous forward guidance and hiked its repo rate by 25bps.

SARB hikes rates to anchor inflation expectations

24 July 2015

By hiking interest rates by 25 basis points today, the South African Reserve Bank (SARB) has demonstrated their commitment to moving real rates higher. The deterioration in the BER’s inflation expectations survey clearly concerned them, prompting the move to anchor inflation expectations within the SARB’s target range (below 6%).

Take home salaries increasing at a slower rate

22 July 2015

The growth of the average disposable salary in South Africa is 1% after inflation – which is positive real growth thanks to civil servant salary increases and backdated payments in June.

Interest rate increase could make South African consumers more vulnerable

30 June 2015

It is clear that the South African Reserve Bank (SARB) remains aware of the potential negative local effect of a rise in US rates should the US decide to hike rates this year. In the event that global capital flows to emerging markets (including South Africa) are negatively impacted, the rand could weaken further, potentially raising inflation expectations, which are already above the upper-end of the target band for the price-setters of the economy, namely businesses and trade unions.

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The strongest deterrent against FSP compliance missteps is or should be:

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A criminal conviction Debarment Fine or penalty Any of the above can work

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