The CEO and founder of SA’s biggest asset manager Ninety One, Hendrik du Toit, has hailed the monetary policy management skills of the SA Reserve Bank, saying the central bank was ahead of the curve on interest rates which led to market stability.

Du Toit said the flipside of the “cheap money” that flowed from record low interest rates and stimulus packages by central banks after the outbreak of Covid-19 was a headwind for the industry...

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