Repo rate kept unchanged
The South African Reserve Bank's Monetary Policy Committee has kept the repo rate unchanged at 6.5%.
The repo rate is the rate at which the central bank lends money to commercial banks.
This means the prime lending remains at 10%.
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Reserve Bank governor Lesetja Kganyago made the announcement on Thursday.
The central bank cut the repo rate by 25 basis points rate to 6.5% in July.
Kganyago noted that while growth rebounded in the second quarter of the GDP longer-term weakness in most sectors remain a serious concern.
"Escalation in global trade tensions, further domestic supply constraints and/or sustained higher oil prices could generate headwinds to growth. Public sector financing needs remain exerting pressure on the currency and pushing local bond yields higher relative to country peers."
Kganyago said fuel prices were on track until the recent drone and missile attack on Saudi Arabian oil facilities resulted in a record jump in the oil price.