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The Gibbons Report - 30 January 2026
['Algoafm South Africa']
AlgoaFM News
That was the decision by the Reserve Bank’s Monetary Policy Committee after its first meeting of the year, leaving the repo rate at 6.75%.
It was close – four members of the committee went for hold, two favoured a 25-basis point cut.
Kganyago did, however, flag higher food and electricity costs as a risk to monitor and pointed to elevated geopolitical tensions.
On the other hand, both gold and platinum have come off…Gold is $5,192 this morning; platinum is $2,497.
Well, Eastern Cape Health accounts for R90 million of that, with some unpaid invoices from Afrox, according to Business Day, going back to 2017.