South Africa’s economy shrinks by 0.3% in the third quarter
Economists incorrectly predicted a slight uptick in GDP
economic forecast
Reserve Bank expected to cut interest rates marginally as inflation moderates
Better than expected inflation outcomes domestically and globally back the case for the central bank to cut the repo rate to 8%, economists said
Reserve Bank hold repo rate steady despite inflation pressures
Governor Lesetja Kganyago said the central bank would wait for the inflation rate to fall within its 3% to 6% target before it makes a cut
