We've been Zuma-ed

29 January 2016 - 02:35 By Shaun Smillie

The "Zuma effect" of December - coupled with a worsening drought, falling commodity prices and a slowing Chinese economy - forced Reserve Bank governor Lesetja Kganyago to show a bit of tough love yesterday. Kganyago took aggressive action when he raised the repurchase rate by 50 basis points to 6.75%.

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