Rate Cuts 2024 South African Economy. The sa reserve bank cut the repo rate by 25 basis points to 8%, while the us fed cut us interest rates by 50 basis points. South african stocks surge amid rate cuts, government reforms.

South africa’s inflation rate in 2023 averaged 5.9%, down from 6.9% in 2022 but up from 4.5% in 2021, 3.3% in 2020, and 4.1% in 2019. 30th september 2024 by editor biznews.