Kganyago Says Energy Contraints Remain Binding On Growth Outlook

Written by 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.

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