Discussion | Market reaction to interest rate cuts

Karate is generally eclipsed by more popular sports such as football, cricket and rugby. However, Kanku Karate Academy founder Lungisani Mabaso is trying to change that.
File: Smoke billows from Sapref South African Petroleum Refinery just outside Durban City on November 29, 2011. 
 
File: A cold front is moving over the country. eNCA
Hijacked building in Cape Town
Fugitive fraud-accused Michael Lomas is back in SA.
Cultural and Creative Industries Federation of South Africa poster
Michael Lomas back in South Africa. 
 
JOHANNESBURG – On Thursday, the Monetary Policy Committee, announced a 25 basis point interest rate cut, as predicated by economists. 
The decision follows a 50 basis point cut by the US Federal Reserve.
Reserve Bank Governor Lesetja Kganyago says the forecast sees rates moving towards neutral next year, and stabilising slightly above 7%.
To give us an economic update on where the markets are post-interest rate cuts and what the outlook is for the rest of the year, Maarten Ackerman Chief Economist at Citadel, spoke to eNCA.