Prime Interest Rate

Property sector furious with SARB announcement on interest rates in SA

The property sector is up in arms following the South African Reserve Bank (SARB) governor, Lesetja Kganyago’s announcement to keep interest rates in the country unchanged. This comes after the SARB’s monetary policy committee (MPC) met this week to decide on the country’s repurchase rate (repo rate), with the outcome, remaining at the 14-year high of 8.25%. Regional Director and CEO of...

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