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South Africa's central bank will hold its benchmark interest rate at 8.25% on May 30, the day after the country's general election, before likely beginning an easing cycle next quarter as... -May 24, 2024 at 01:09 am EDT - MarketScreener
The Monetary Policy Committee is expected to keep interest rates at an uncomfortable 15-year high next week, despite a slight easing of consumer inflation.
It has been 56 days since South Africans experienced load shedding, but as we head into winter, the country is projected to feel the pinch of the energy crisis.
A Standard Bank economist has highlighted the impact the private sector is playing in keeping load shedding at bay.
It has now been 54 days since South Africa last experienced load shedding and this leading economist believes that the efforts of the private sector to generate their own power has contributed to Eskom keeping the lights on.