Reserve Bank cuts Repo Rate_1
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JOHANNESBURG - Some relief for South Africans as the Reserve Bank finally announces the much-needed interest rate cuts.
It's cut the repo rate by 25 basis points as predicted by many economists.
The repo Rate currently is now 8%, and the prime lending rate 11,5%.
The cut is the first time in four years.
Daniel Kazadi, director at the SA Property Investor Network shared his thoughts with eNCA.