Rate Cuts 2024 South Africa. Traders see south africa cutting rates sooner on new government. Standard bank expects the reserve bank to cut interest rates twice before the end of 2024 due to the positivity.

South african manufacturing is another piece of the puzzle that points toward a rebound, growing 0.9% in the second quarter, compared with a 1.4% decline in the previous. Kganyago is expected to hold rates steady next.