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.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews FitChef founder Wayne Kaminsky.
Pan-African Investments and Research Services CEO Dr Iraj Abedian on what we should know about the impact of the minimum wage.
The Money Show’s Bruce Whitfield interviews Ruaan Van Eeden, Managing Director for Tax and Exchange Control at Geneva Management.
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.
Sexologist Nikki Goldstein says there are steps you can take to cut the risk of infidelity in your relationship.
Minister of Sports and Recreation condemns this weekend's violence by Kaiser Chiefs fans.
A woman has penned her triumphant story of survival after being sexually abused by an uncle as a child.
Bruce Whitfield talks to Euphonik (aka Themba Nkosi) about his attitude to money (hopes and fears, successes and failures, etc.)
Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
Mugg & Bean has agreed to pay for customers medical bills after a month of being in pain and pestering the chain to pay the bill.