We were in a technical recession before the lockdown and SOE’s have been mismanaged (which affect the growth of our revenue as a county). The virus is not to blame.
Unprecedently, the market has bounced back and has shown very few similarities to that of the crash twelve years ago.
The SARB Monetary Policy Committee is set to hold the repo rate at the 19-21 January meeting, according to 93% of economists.
The residential property market is expected to start losing some of its 2020 momentum soon, even though inflation is likely to remain depressed by a number of factors and the Reserve Bank is likely to keep interest rates low until at least 2022.