SARB leaves repo rate untouched once more

26 Jan 2017

The South African Reserve Bank's Monetary Policy Committee has resolved to leave the repurchase rate unchanged at 7%, citing several influences including a resilient rand.

"Since the previous meeting of the MPC, the near-term inflation outlook has deteriorated, but the longer-term outlook is more or less unchanged,” in a statement released on Tuesday. "The expected inflation profile has been negatively affected by higher international oil prices and a persistence in elevated food price inflation despite improved rainfall in many of the drought-stricken regions.”

Nazmeera Moola, Investec Asset Management, talks to Lindsay Williams from following the decision yesterday by the SARB to leave the repo rate unchanged at 7%. Listen to the podcast.

Our integrated wealthcare approach is based on your personal priorities and aspirations. This process is designed to give you a clear course of action for pursuing your goals that span various time horizons and life stages to empower you to do extraordinary things with your wealth, both now and in the future.

I look forward to talking with you again soon.

Regards,

Shane Thom, CFP^® GTP(SA)™
Managing Partner: Integrated Wealthcare Advisor