South Africa’s growth outlook has been revised downwards to 0.7% in 2018, said National Treasury on Wednesday.

The planning phase of residential building activity improved in the first half of 2018, but the construction phase contracted sharply.

Thursday, 19 July 2018 18:59

Repo rate unchanged at 6.5%

The Monetary Policy Committee (MPC) has unanimously decided to keep the repurchase rate unchanged at 6.5% per annum.

The value of outstanding credit balances in the South African household sector increased by 3,8% to R1 542,8 billion in 2017, up from a low of 0,7% in 2016.

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