The decision by South Africa’s Reserve Bank to cut interest rates by 25 basis points, bringing the repo rate to 6.5% and the prime lending rate of banks to 10%, after the Monetary Policy Committee (MPC) meeting today, will provide much needed relief to the consumer who is generally highly indebted. International ratings agency Moody’s […]

South Africa’s economic status has rallied back into glory with recent positive market sentiments. The rand is continuing its strength and with the recent announcement by South Africa’s Reserve Bank to cut interest rates by 25 basis points, bringing the repo rate to 6.5% and the prime lending rate of banks to 10% South African’s […]