A general view of the South African Reserve Bank in Pretoria.
Gallo Images/Lefty Shivambu
While the Monetary Policy Committee's first meeting of 2023 delivered a less painful rate hike than expected, the good news reeks of bad news.
The more dovish stance comes as the SA Reserve Bank (SARB) sounded the alarm on the economy, and slashed its growth expectations for the next three years.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.