The Reserve bank (SARB) Monetary Policy Committee (MPC) decided today to hike its policy Repo Rate by a further 50 basis points to 6.75%, a move that will see Commercial Banks raise their Prime rates to 10.25%.

The SARBs Monetary Policy Committee has raised the repo rate by 50 basis points taking it to 6. 75% during its first meeting in 2016.

South Africa’s unemployment rate increased to 25.5% in the third quarter of 2015, Statistics South Africa (Stats SA) said on Tuesday.

Wednesday, 19 August 2015 16:20

CPI inflation rises to 5% in July 2015

The Consumer Price Index (CPI) rose to 5% in July 2015, Statistics South Africa (Stats SA) said on Wednesday.

Dr Andrew Golding CEO of Pam Golding Property Group and CEO of Jawitz Properties Herschel Jawitz comment on the impact of the 25 basis point interest hike on the property market.

The South African Reserve Bank’s Monetary Policy Committee (MPC) raised the key monetary policy interest rate – the repurchase, or repo rate – by 25 basis points from 5,75% to 6% per annum.

The repo rate is to remain unchanged at 5.75% per annum, the Reserve Bank said.

The repo rate is to remain unchanged at 5.75%, Reserve Bank Governor Lesetja Kganyago said.

Friday, 18 July 2014 13:18

Reserve Bank raise repo rate to 5.75%

The Reserve Bank has decided to raise the repo rate by 25 basis points, taking it to 5.75%, Governor Gill Marcus said on Thursday.

The decision by the Monetary Policy Committee to increase interest rates may be unfortunate for the commercial property sector.

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