These work streams include: i.  the Unsecured Reference Rate Work Stream, chaired by Mr Deon Raju from Absa;  ii. the Risk-Free Reference Rate Work Stream, chaired by Mr Andries du Toit from FirstRand;  iii. the Data Collection and Infrastructure Work Stream, chaired by Mr Ruan Roux from the SARB;  iv.
These include the low level of interest rates, the recent tax cuts, ongoing spending on infrastructure, signs of stabilisation in some established housing markets, and a brighter outlook for the resources sector. Together, these factors provide a reasonable basis for expecting that the economy will remain on an improving trend from here. The Board has also been paying close attention to the labour market.