Stronger rand, improved inflation outlook factors in repo rate cut
Those in debt have received some relief on Thursday afternoon with the South African Reserve Bank (Sarb) decreasing the repo to 6.5%.
In November the repo rate was increased by 25 basis points to 6.75% with governor Lesetja Kganyago listing rising inflation and the weak rand as major factors.243 days ago
With global growth weakening, some economists expect no change in South African policy across the forecast horizon.250 days ago
With South Africans forced to tighten their belts further due to a 25 basis point increase in the repo rate, it's been emphasised that there is still good financial news for consumers this festive season.299 days ago
Consumers are already facing a substantial rise in the cost of living with rising fuel prices and increased VAT and bondholders are worried about further financial pressure.426 days ago