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Local Economists See Little Chance of SARB Following Fed Hikes

SOUTH AFRICA
  • Blockades surrounding key trade routes in and out of Johannesburg have ended, after truckers had blocked the route in protest against the hiring of overseas drivers. The protests blocked the N3 highway into Johannesburg, and prompted the Road Freight Association to pen an open letter to the President.
  • Moneyweb reports that South Africa’s retail industry over the last few weeks show that they are only recently recovering from lockdowns and civil unrest, but consumers are shopping more than ever.
  • EWN reports that the SARB are not seen following the US in aggressively raising interest rates. The piece cites Alexander Forbes economist Mhlanga, who noted that the SARB has already hiked domestic interest rates and believes the SARB will be kinder to South Africans when it makes its next interest rate decision.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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