5 important things happening in South Africa today

Here’s what is happening in and affecting South Africa today:

  • South Africa’s rand is treading water as the two-day Monetary Policy Committee (MPC) meeting kicks off on Wednesday, with SA interest rates expected to remain unchanged. Local CPI is widely expected to remain at the 4.5% mark, although continuous fuel price hikes will pose a threat to inflation, said Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions. It’s a quiet data day in the US and EU while a flurry of stats are due from the UK, with the key data including CPI and PPI. The rand is currently trading at R14.40 to the dollar, R16.07 to the euro and R18.31 to the pound.

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5 important things happening in South Africa today