Schoeman: Expect SARB to Cut Rate Next Year

South Africa’s inflation rate crept up by less than expected in November amid benign food price growth. CPI rose 2.9% in November from a year earlier, while retail sales in October jumped to their highest level in more than 2 years. Gina Schoeman South Africa Economist, and Head of CEEMEA Economics at Citi spoke to Bloomberg’s Chief Africa Correspondent Jennifer Zabasajja on Horizons Middle East and Africa and said this will mean good news for South Africans looking to spend during the holiday season. (Source: Bloomberg)

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