The government / central bank (here and abroad) keep hoping that cheap money will help the economy to grow or at least paper over the cracks. Inflation is currently very much a secondary consideration. With the Rand at such low levels it's going to be "interesting" to see how inflation ticks up as imports get more expensive if it doesn't rebound soon.
reserve bank mandate is inflation targeting - unless this has changed? CPI is what - 5.3%? so still in the 2%-6% range - that leaves GM with a bit of room for pre-emptive action, in anticipation' of inflation. but who in their right minds would want to throw that kind of a hand grenade into this volatile situation right now?