Economy

South Africa Ratings Lowered To 'BB-' From 'BB' As COVID-19 Further Impairs Fiscal And Growth Prospects; Outlook Stable

No quick economic bounce back: SA needs a long-term growth plan

What has become clear is that South Africa will not see a sharp and quick economic bounce back many have been hoping for but will in all likelihood see a 12 to 24-month gradual recovery with the added complexity of managing a rebuild and growth plan spanning an initial period of at six to eight years.

PwC focus on CPI - Inflation declines to 4.1% in March

South African Reserve Bank cut rates by 100 basis points

The South African Reserve Bank (SARB) cut rates by another 100 basis points this morning in an inter-meeting move. Rates are now down 225 bps since the start of the year, and down 250bps since July last year.