The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 3.5% per annum. The decision was unanimous.
In a statement on Thursday afternoon (22 July) Reserve Bank governor Lesetja Kganyago said that despite steady improvements in vaccination rates, stronger confidence, and better global economic growth, the Covid-19 virus continues to weigh on global prospects.
“Vaccination rates are lagging in many emerging markets and developing countries. Until populations develop sufficient immunity to curb virus transmission, waves of infection are likely to continue.
[BREAKING NEWS] SARB keeps repo rate on hold at 3.5%. More details on #eNCA #DStv403 pic.twitter.com/VDWF1WmOGv
— eNCA (@eNCA) July 22, 2021
In other news – Photo: Rasta the artist honours Skeem Saam’s Sis Ouma
Controversial celebrity painter Rasta the Artist has Mzansi barking down his throat after failing to correctly capture late actress Nokuzola Mlengana in his tribute portrait.
Though this is pretty standard by now, Rasta the portraitist has managed to yet again ruffle feathers in his latest dedication, as he paid tribute to Skeem Saam‘s Nokuzola Mlengana. Learn more
Source: eNCA
