Repo rate cut to 3.0%
The South African Reserve Bank has announced a further repo rate cut by 25 basis points to 3.0%, bringing the prime interest rate down to 7.0%. The rate cut introduced by the SARB as a stimulus to the market is proving to work as investors with strong balance sheets are taking advantage.
Sales are expected to increase as we are faced with a low interest rate and high property yields.
29 Jul 2020
Author Loy de Jager