The Reserve bank governor Lesetja Kganyago has increased the repo rate by 75 basis
By Zuko Komisa The South African Reserve Bank increased interest rates by 75 basis points, bringing the repo rate back to pre-Covid-19 levels at 6.25% annually. Three members voted in favour of the already announced 75 basis point rate increase, while two members favoured a rate increase of 100 basis points. This rate increase of 75 basis points is the second one in a row. Also Read: The Real Housewives […]