South Africa's central bank on Thursday said it would cut its benchmark interest rate amid a stable near-term outlook for inflation in Africa's largest economy.

The MPC announced its decision to reduce the repo rate by 25 basis points, much to the relief of South Africans.

Monetary Policy Committee (MPC) has decided to reduce the repo rate by 25 basis points, with effect from 31 January 2025.

South Africa's central bank cut its main lending rate by another 25 basis points to 7.50% as expected on Thursday, saying that while inflation appeared well-contained the medium-term outlook was more ...

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with South Africa.

We noted a further improvement in profitability of companies and that just really gives a better environment for salary increases; a better ability for companies to afford better salary increases,’ ...