Why the SA Reserve Bank cut rates (against the expectation of 92% of economists)

We’re not concerned about our credibility. We earned our credibility and we’ll protect it!

Lesetja Kganyago, Sarb

What do you do when inflation is coming down and growth is so weak?

Busisiwe Radebe, Nedbank

South African Reserve Bank (Sarb) Governor Lesetja Kganyago surprised most economists on Thursday when he announced that the repo rate would be cut by 25 basis points to 6.75%.

The prime lending rate will fall from 10.5% to 10.25%.

The Money Show’s Bruce Whitfield interviewed Nedbank Economist Busisiwe Radebe.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

No President or Finance Minister – past or present – has ever told the Sarb how to execute its mandate.

Lesetja Kganyago, Sarb

We are sitting on the shoulders of the giants that preceded us.

Lesetja Kganyago, Sarb

I did not call it!

Busisiwe Radebe, Nedbank

They’re concerned about growth.

Busisiwe Radebe, Nedbank

I didn’t call it, because I was worried about the rand.

Busisiwe Radebe, Nedbank

The rand is still the big thing in the room here. We can’t ignore that!

Busisiwe Radebe, Nedbank

Click here (then “like” the page) to follow Bruce on Facebook.

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.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Why the SA Reserve Bank cut rates (against the expectation of 92% of economists)


Recommended

by NEWSROOM AI
Read More
Rooibos plantation size at all-time high as demand explodes around the world

Rooibos plantation size at all-time high as demand explodes around the world

Ray White interviews Nicie Vorster, spokesperson of the SA Rooibos Council.

RMB and a paediatric surgeon from Baragwanath came together to save little lives

RMB and a paediatric surgeon from Baragwanath came together to save little lives

Ray White interviews Prof Jerome Loveland (Paediatric Surgery at Wits and Baragwanath) and Gareth Armstrong (Rand Merchant Bank).

'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

Ray White interviews Pauli van Wyk, an investigative journalist with Scorpio at Daily Maverick.

'Cleaning up Eskom doesn’t suit everybody. Hands off! Don’t be treasonous!'

'Cleaning up Eskom doesn’t suit everybody. Hands off! Don’t be treasonous!'

The Money Show’s Bruce Whitfield interviews Jabu Mabuza, Chairperson at Eskom, and plays an audio clip of Minister Pravin Gordhan.

10 most-read profile interviews on The Money Show in 2018

10 most-read profile interviews on The Money Show in 2018

The year’s best interviews of South Africa and the world’s most famous (and infamous) movers and shakers.

10 best business books reviewed on The Money Show in 2018

10 best business books reviewed on The Money Show in 2018

Know someone who’d appreciate a business book for Christmas? These were the best ones of the year…

Popular articles
'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

Ray White interviews Pauli van Wyk, an investigative journalist with Scorpio at Daily Maverick.

Two men get away with R70 000 in robbery at Cape Town's World of Birds

Two men get away with R70 000 in robbery at Cape Town's World of Birds

Walter Mangold, the owner of the popular tourist attraction in Hout Bay, was targeted by two men on the premises on Sunday.

Judge Dennis Davis explains estate duty when your spouse dies

Judge Dennis Davis explains estate duty when your spouse dies

Some recommendations by the Davis Tax Committee were met with concerns from members of the public on how they will be affected.

Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Eskom has warned that more power cuts can be expected as maintenance continues over the next twelve months.

Check out BlitzBokke #Madiba100 jersey for Cape Town 7s

Check out BlitzBokke #Madiba100 jersey for Cape Town 7s

Saru has partnered with Asics to create a special Blitzbokke jersey to celebrate Nelson Mandela’s 100th birthday.

New Zealand company implements four-day work week after successful trial-run

New Zealand company implements four-day work week after successful trial-run

Employees will still be paid for five days of work, but work for four days.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.