Delivering the Statement of the Monetary Policy Committee on Thursday afternoon, Lesetja Kganyago, Governor of the South African Reserve Bank(SARB) said the committee decided to increase the policy rate by 25 basis points, to 7%, effective from 29 May.

While South Africa's housing market continues its steady recovery trajectory, growing global uncertainty and persistent energy cost shocks look set to push the SARB toward a…

South Africans may face higher home loan and borrowing costs as economists increasingly expect the South African Reserve Bank to raise rates this week.

MPC divided as rising oil and food costs threaten inflation targets