WATCH LIVE: MPC decides on interest SA rates

JOHANNESBURG – All eyes are on the South African Reserve Bank governor Lesetja Kganyago as he announces the latest decision on South Africa’s interest rates. 

On 14 April and in the wake of the national disaster that South Africa finds itself in because of the coronavirus outbreak in the country and globally, the Monetary Policy Committee (MPC) of the South African Reserve Bank decided (SARB) to cut the repo rate by 100 basis points.