S outh African banks remain significant beneficiaries of high interest rates, even as the South African Reserve Bank (SARB) on Thursday opted for a modest 25 basis point cut to the repo rate ...

South Africa’s unemployment rate remains among the highest in the world, a stark reflection of an economy strangled by high borrowing costs that make business expansion and job creation nearly ...

6 Ways High Interest Rates Cost Poor People the Most. Andrew Lisa. July 22, 2024 at 9:55 AM. Copied; ... Minor league ballpark revives struggling downtown in South Carolina. Sports. Sports.

The 6 people in charge of interest rates in South Africa Bank of America, Investec, Standard Bank, Nedbank and the Bureau for Economic Research (BER) all expect the MPC to lower the repo rate from ...

Showing confidence in the economy. South Africa’s repo rate has remained steady at 8.25% since May 2023. However, the trade union federation COSATU earlier said with inflation having eased to 4.4% in ...

The SARB lowered the main repo rate--the interest rate at which a country's central bank lends money to commercial banks--to 8% from a 15-year high of 8.25%, as inflation eases amid a stronger ...

And while South Africa's inflation rate fell to 4.4% year-on-year from 4.6% in July - the lowest since April 2021, “real inflation is something else and that is why they are still conservative ...

Persistently high youth unemployment rates and some of the highest levels of inequality globally have led financial institution Rand Merchant Bank (RMB) to rank South Africa twenty-ninth out of 31 ...

6 Ways High Interest Rates Cost Poor People the Most. IURII KRASILNIKOV / Getty Images/iStockphoto. Andrew Lisa . Mon, Jul 22, 2024, 6:55 AM 5 min read.