The repo rate has been raised by 25 basis points
By Zuko Komisa The South African Reserve Bank has announced that the repo rate has been raised by 25 basis points. Lesetja Kganyago, the governor of the South African Reserve Bank, made this announcement on Thursday following a meeting of the Monetary Policy Committee (MPC). The new prime lending rate is going to be 10.75%. According to him, load shedding is having a negative impact on the economy, raising major […]