National Automobile Dealers’ Association (NADA) chairperson Mark Dommisse is calling on the Reserve Bank to lower interest rates this month – should inflation allow – in an attempt to assist the retail market.

Fanie Brink -  Onafhanklike Landbou-ekonoom-  Afrikaans and English - INTEREST RATES BIGGEST DELUSION IN ECONOMY.

The government needs to support all enterprises in its Covid-19 relief funding, regardless of the race, finance minister Tito Mboweni said on Tuesday.

The bi-monthly, three-day meeting of the SA Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) will end on Thursday with a 25 basis-point hike in its repo rate, which will take the prime lending rate to 7.5%.

The South African Reserve Bank (Sarb) implemented the inflation target policy in 2000. An inflation target band of 3% to 6% was selected, and this target was based on what the Sarb thought at that time was an appropriate level of inflation to allow economic growth.