Multiple interest rate cuts still on the table for South Africa

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Increasing oil prices and the weak rand are bad news for South Africa, but the South African Reserve Bank still has scope to cut interest rates later this month and again in March.

The Bureau for Economic Research (BER) said that it was encouraging that Israel and Hamas have agreed on a ceasefire deal for Gaza.

Although Israel warned that some details still need to be agreed upon, it should come into effect on Sunday, seeing a structured phase-out of hostilities.