Reserve Bank expected to increase repo rate

The South African Reserve Bank (SARB) is expected the increase once again the repo rate when it makes the announcement on Thursday.

Economists say the central bank will likely hike by anything between 25 and 50 basis points. This, as the bank tries to bring down inflation which has been above its target bracket for exactly a year this month.

Consumers continue to battle the high cost of living, and it does not look like things are about to get any better. Food and fuel inflation remain upside risks and it’s expected the rolling blackouts will also add salt to the wound.

This has businesses investing in alternative energy to keep operations going and passing some of those costs to consumers. The weak rand – dollar exchange rate is also not helping matters.

Source: eNCA

In other news – Babes Wodumo Comes Back To Instagram After 1 Year With A Tribute To Mampintsha

Babes Wodumo expresses excitement upon returning to Instagram after a year break. The singer’s last post was in April 2022, and it was presumed that her late husband, Mampintsha was the one controlling some of her social media accounts.

However, she’s back and her first post was dedicated to her late husband who died in December 2022. “Talking about a man who fights for me even on the other side. Learn more