Looming interest rates cut due to lower inflation a boost for economic activity

By Siphelele Dludla | Published Aug 22, 2024

Data from Statistics South Africa (StatsSA) yesterday showed that inflation fell for the second month to 4. 6% in July, the softest since July 2021, down from 5. 1% in June after holding steady for 10 months in the 5–6% range.