South Africa's inflation rate has been on an upward trend, reaching 7% in February 2023, which is above the high point of the Reserve Bank's target range of 3-6%. This suggests that there may be pressure on the Reserve Bank to increase the interest rates to curb inflation.
Furthermore, the South African rand has been volatile against major currencies, which could impact the Reserve Bank's decision on interest rates. A weaker rand may lead to inflationary pressures and require higher interest rates to control it.
Considering these factors, it's possible that the Reserve Bank may announce a 25 basis points hike in the interest rate on 30 March 2023, as predicted by Swindon Property. However, whether there will be a flat line till Q3 or a slow but steady recovery for the next 24 months is difficult to predict, as it will depend on various economic and political factors. It's always best to keep a close eye on the market and consult with financial experts for the latest insights and advice.