cautious stance
The South African Reserve Bank (SARB) kept interest rates in the country unchanged this past week.
This means that the repo rate will remain at 8.25%, while the prime lending rate also stays at 11.75%.
Frank Blackmore, the lead economist at KPMG SA, said the bank’s reasoning was more than onefold.
“Firstly there are serious upside risks to inflation, any combination of which could push
