Economist Jannie Rossouw expects the South African Reserve Bank to keep interest rates unchanged. The Reserve Bank’s Monetary Policy Committee is expected to decide on the repo rate next week.
“I expect that the reserve bank will keep interest rates unchanged. We have already had three interest rates cuts this year and in my view, the Reserve Bank will wait to see what the effect of those cuts is”, said Rossouw.
In April, the MPC cut the interest rate by 100 basis points, taking the repo rate to 4.25% per annum.
In other news – Zenande Mfenyana shares more stunning maternity shoot pictures
The Queen actress Zenande Mfenyana, who plays Goodness Mabuza on the telenovela, recently announced that she is pregnant by sharing beautiful maternity pictures of her growing baby bump. The actress celebrated by posting an underwater maternity photoshoot in which she wore a red dress that displayed her baby bump.
Zenande’s announcement set the internet abuzz as it confirmed what many The Queen viewers have been suspecting. In a recent Instagram post, the actress shared that the pregnancy couldn’t have come at a greater time, writing: “God knew my heart needed you. Read more