Business Unity South Africa (Busa) said on Wednesday that it is disappointed at the decision by the South African Reserve Bank (SARB) to leave interest rates unchanged and sees it as unduly cautious in present economic circumstances.

"The stronger rand, stable oil prices and domestic recessionary conditions combine to suggest that a further small cut in interest rates would have been feasible at this stage," said the business organisation.

Busa says it would like to see the lowest possible level of interest rates consistent with control of inflation to get the economy moving again.

"With fiscal policy already making its maximum contribution to SA's anti- recession stance, support from interest rate policy is needed, given the inevitable time-lags.

"The Reserve Bank acknowledges that the growth outlook remains uncertain. It is necessary to assist the interest rate-sensitive sectors of the economy and nurture the small signs appearing that the worst of the recession may soon be over for South Africa."