At its 31 July meeting, the SARB trimmed the repo rate by 25 basis points but moved to a stricter 3% inflation target (down from a 3–6% range)

The South African rand was little changed in muted trade on Tuesday even after the release of a positive purchasing managers' index survey as investors continued to wait for tariff updates ahead of the United States' August 8 deadline.

South African products exported to the US will be hit by a 30% tariff from 7 August, President Donald Trump has announced. South Africa faces the highest rate in sub-Saharan Afric