Kganyago Says Energy Contraints Remain Binding On Growth Outlook
Written by Mduduzi Phungula on 21 July, 2023
By: Xolani Khumalo
South African Reserve Bank governor Lesetja Kganyago says load-shedding and logistics constraints may have broader effects on the cost of doing business and the cost of living.
The Monetary Policy Committee of the Reserve Bank has kept the repo rate unchanged at 8.25 %.
Kganyago says while South Africa’s economic conditions appear to have improved, the longer-term outlook mirrors the uncertainty of the global environment.