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On 17th March 2016, The Reserve Bank of South Africa increased repo rate by 25 basis points to 7% per annum.
After January, the Monetary Policy Committee (MPC) has raised the repo rate for the second time. In January, the Committee raised the repo rate by 50 basis points to 6.75 %.
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To ease the constraints for economic growth, the Government shall prioritize the investment in energy sector.
The SA government is working on the implementation of Nine Point Plan for sustainable growth of the country and also to resolve energy challenges.
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