Consumers have been given some reprieve by the South African Reserve Bank (SARB) following a unanimous decision by the monetary policy committee (MPC) to keep the repo rate unchanged.
Households and businesses can breathe a sigh of relief as the South African Reserve Bank (Sarb) opts to keep borrowing costs unchanged for a second consecutive time.
This after a TimesLive article suggested that Ramaphosa held a secret meeting with Treasury at a wine farm in Stellenbosch, a week after Treasury proposed massive government spending cuts.
South African Reserve Bank (Sarb) Governor Lesetja Kganyago told Parliament on Wednesday that any other alleged violations by Phala Phala or President Cyril Ramaphosa were not part of the bank s mandate and investigating powers.