Interest rate warning; Eskom needs more money; South Africa is an organised crime hotspot; and South Africa signs renewables deal with Japan.
MPC member voting during its September interest rate meeting revealed that further interest rates are a definite possibility. Three members preferred to keep the rate on hold, while two wanted a 25 basis point hike. Economist Dawie Roodt said the small margin in the MPC voting signals that the Reserve Bank is not convinced that high inflation is a thing of the past.
[ SA is an outlier for crime in Southern Africa, with the situation worsened by state-embedded actors who work in cahoots with criminal networks, findings from the Global Organised Crime Index 2023 show. The study, conducted by the Geneva-based Global Initiative Against Transnational Organised Crime, found that SA is one of only three African countries in the high crime/high resilience category, along with Nigeria and Senegal.
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