Discussion | Interest Rates | Reserve Bank cuts Repo Rate

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.

READ: South Africans get relief thanks to repo rate cut

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.