Quarterly Report | Q3 ’24
Introduction
The beginning of the third quarter saw the national election resulting in more positive results than what was expected. This after the formation of a Government of National Unity (GNU). The GNU partners are more centrist, which may provide better accountability, implementation, and drive economic reforms.
Foreign investor flows are increasing, with growth expectations improving due to markets anticipating that the South African Reserve Bank (SARB) will cut interest rates. The South African Reserve decision to decrease interest rates by 25 basis points, was well received by the market and the scope for more cuts widened towards the end of the year. This was strengthened as the fuel price and inflation continue to drop and the rand strengthened during the month of September.
Previous Reports
Quarterly Report | Q1 ’25
The South African Reserve Bank (SARB) decreased interest rates by 25 basis points at the January Monetary Policy Committee (MPC) meeting.
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