Minister Khumbudzo Ntshavheni: Update on interventions to rebuild the economy
22 Jul 2021
Fellow South Africans and members of the media
Repo rate
Government welcomes the decision by the Monetary Committee of the Reserve Bank to keep the Repo Rate unchanged at 3.5%. Implying that fears of inflation on food and non-alcoholic beverages by some analysts may have no basis as government through the Department of Trade, Industry and Competition continues to take action to prevent inflated food prices. In addition, South African business in their engagement with the President have committed to prioritize the rebuilding of South Africa and the eradication of hunger and poverty.
Progress with investigations on the deaths and damage to property