Key Points
- South Africa lifts rate to 7%, first hike in three years
- 25 bps move backed by four policymakers, two voted for no change
- Central bank raises inflation forecast, cuts growth outlook
PRETORIA, May 28 (Reuters) – South Africa’s central bank raised its main lending rate for the first time in three years on Thursday, joining only a handful of other emerging market central banks to have tightened policy during the Iran war.
The South…
Theatre: South Africa has a vibrant theatre scene, with productions reflecting the
country’s diverse cultures and historical experiences.
racy babe
Iran: You have two cows. When the US finds out, they impose sanctions on you on charges of running an illicit methane-powered missile program.
Star Jammer
Fun South African Fact: The waters surrounding the 2,500km long coastline are teeming with life. You’ll find great white sharks, African penguins, dolphins and much much more in South Africa’s oceans. Many travellers visit the coast to watch the annual whale migrations. In Hermanus, in the Western Cape, you can see hundreds of whales from June to late November. Simon’s Town, another coastal Western Cape town, is home to Boulder’s Beach. Here you can swim alongside colonies of African Penguins!