The South African Reserve Bank (SARB) on Friday afternoon scheduled a press conference for Saturday to make an announcement of “national importance”.

A media advisory said: “The Presidency of the Republic of South Africa, the Ministry of Finance and the SARB will make an announcement of national importance. The President, Mr Jacob Zuma, the Minister of Finance, Mr Pravin Gordhan and the Governor of the SARB, Ms Gill Marcus will be in attendance.”

The presidency, the Ministry of Finance and SARB will make the announcement jointly at SARB’s headquarters in Pretoria at 15:00 on Saturday.

The news has left SA markets buzzing with expectations. Everybody is now left guessing as to what it means.

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