20 Sep 2020

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Rates kept on hold in tight vote

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Thuletho Zwane
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This week SA Reserve Bank governor Lesetja Kganyago forecast a GDP contraction of 8.2% this year. Picture: Waldo Swiegers / Bloomberg / Getty Images
This week SA Reserve Bank governor Lesetja Kganyago forecast a GDP contraction of 8.2% this year. Picture: Waldo Swiegers / Bloomberg / Getty Images

BUSINESS

The decision came after a massive second-quarter GDP contraction, lower inflation figures, high unemployment, and reduced economic and business activity.

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