SARB Not in 'Solid' Rate-Hike Pause, Deputy Governor Says

The transcript discusses the economic challenges in South Africa, focusing on food prices, inflation, and electricity issues. The central bank's cautious approach to interest rates is highlighted, considering significant risks like El Nino and sovereign risk. Electricity outages have improved but remain a concern for economic growth and confidence. Consumer behavior shows strain, with rising non-performing loans and low household spending growth.

What is one of the main reasons for South Africa's food prices lagging behind global trends?

• High import tariffs

• Currency-related risks

• Government subsidies

• Increased local production

Why has the South African central bank decided not to consider the current interest rate pause as solid?

• To boost foreign investments

• To encourage consumer spending

• Because of significant remaining risks

• Due to stable inflation rates

What is a significant factor affecting South Africa's economic growth according to the second section?

• Decreasing export rates

• Electricity supply issues

• Lack of foreign investment

• High unemployment rates

How have high interest rates affected consumer behavior in South Africa?

• Increased savings

• Boost in retail spending

• Higher mortgage approvals

• Rise in non-performing loans

What is the expected growth in household spending for the current year?

• Just over 1%

• Around 3%

• Over 5%

• Nearly 0%