Reserve Bank Governor Lesetja Kganyago said that high inflation, persistent load shedding, global geopolitical tensions, as well as elevated global price levels were the main drivers of the latest hike.
Reserve Bank Governor Lesetja Kganyago said that South Africa s policymakers must find more practical solutions to deal with the country s stubbornly high unemployment.
The Mineral Resources and Energy Department said that the weakening of the rand over the past month, along with high oil prices, were the main drivers of the increases.