South African Reserve Bank to meet this week
(Business Tech) – The South African Reserve Bank monetary policy committee will meet this week and announce its repo rate decision on Thursday. The MPC is expected to raise the interest rate by either 25 or 50 basis points. READ MORE.
Fuel prices
(Business Tech) – It’s bad news for petrol prices in South Africa with current forecasts pointing to a prince increase during February. Data for the week ending January 20 shows unleaded 93 increasing by 32 cents a litre while unleaded 95 could increase by 25 cents a litre. READ MORE.
President Cyril Ramaphosa set to reshuffle his cabinet
(Business Day) – Ramaphosa is all set to shake up his cabinet in the coming weeks with insiders claiming energy minister Gwede Mantashe could be on the chopping block given the current electricity crisis. READ MORE.
US economic data
(Investing.com) – The US will publish a first estimate of gross domestic product for the fourth quarter this week with analysts expecting GDP growth to be 2.6% for Q4. Previously, GDP growth came in at 3.2% for the third quarter. READ MORE.
