Taking Stock of the Fourth Quarter, 2016
In South Africa and around the world, this quarter was a financial and political rollercoaster ride…
The SA Reserve Bank left the repo rate unchanged at 7% in November. In total, the SARB has raised interest rates by 200bps since January 2014. Notably, the SARB may be at the peak of its rate hiking cycle. At this stage, rate cuts are not expected in 2017.