·24 Apr 2024
Here’s what is happening in and affecting South Africa today:
- Doubts over interest rate cuts: Recent market expectations, influenced by ongoing uncertainties about the timing for inflation to meet the central bank’s target midpoint and about global disinflation, suggest that in 2024, South Africa’s policy rate might either stay the same or continue near its 14-year peak at 8.25%. This is according to the Reserve Bank’s April monetary policy review released on Tuesday, which raises questions regarding the likelihood of the rate dropping below 5% at all this year. [Business Day]
- Government wants more business employee ownership: Government is calling on more private businesses to embrace the Employee Shared Ownership Programmes, with…
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