South African Reserve Bank (Sarb) governor Lesetja Kganyago has announced that the repo rate will remain unchanged at 7%.
The prime lending rate, which is the figure charged by banks to customers, will remain at 10.5%.
Kganyago says political developments have impacted on the rand, and the MPC is concerned about the fluctuating currency.
The Money Show's Bruce Whitfield interviewed FNB Economist Mamello Matikinca about why the Sarb decided not to cut interest rates.
According to Matikinca, Jacob Zuma’s actions are “definitely” keeping the cost of debt higher than it needs to be.
Listen to the interview in the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Sibanye-Stillwater Chief Executive Officer Neal Froneman.
It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
The Money Show’s Bruce Whitfield interviews Investec CEO Stephen Koseff and Standard Bank joint-CEO Sim Tshabalala.
The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigator Susan Comrie.
The Money Show’s Bruce Whitfield interviews Gordon Institute of Business Science’s Professor Nick Binedell.
The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.
Xanthea Limberg says no formal agreement has been reached but it looks forward to talks and learning more from France.
Political analyst Dr Somadoda Fikeni sat down with Ray White to discuss the future of the ANC.
The Money Show’s Bruce Whitfield interviews Daniel Silke, Political Economy Analyst at Political Futures Consultancy.
Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.