Reserve

South African Reserve Bank Governor Lesetja Kganyago announces a repo rate cut at central bank's head office on January 16, 2020 in Pretoria. Gallo Images/Business Day/Freddy Mavunda The Reserve Bank has introduced a 25 basis points rate cut, with Governor Lesetja Kganyago saying inflation is expected to be "well contained" in the medium term.Kganyago on Thursday…

South African Reserve Bank Governor Lesetja Kganyago announces a repo rate cut at central bank's head office on January 16, 2020 in Pretoria. Gallo Images/Business Day/Freddy Mavunda The Reserve Bank has cut interest rates by 275 basis points so far this year. Other interventions have included buying government bonds to bolster liquidity in markets, adjusting liquidity…

The Johannesburg City Centre. South Africa’s economy probably contracted more than 30% in the second quarter when restrictions to curb the spread of the coronavirus shuttered almost all activity for five weeks, according to central bank forecasts.The annualised drop in gross domestic product is forecast at 32.6% for the three months through June from the…