One of the more interesting observations of the Reserve Bank’s decision to raise SA’s borrowing costs for the first time in three years came from a person in the market who pointed to the global context in which it happened.

How is it, the person wondered, that developed economies that have staged faster recoveries both in GDP growth and employment have been so desperate to keep interest rates on hold near record lows, and yet SA is eager to do the opposite?..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now