Standard Bank hopeful that MPC repo rate cut a turning point for the property sector
Jan 30 2025
7 mins
One of South Africa's major banks, Standard Bank, says the recent decision by the country's Reserve Bank to reduce the repo rate, may mark a turning point for the residential property market. In the third such move since September 2024, the Reserve Bank this week announced a 25-basis point cut in the repurchase rate, bringing the prime lending rate down to 11%. Standard Bank says t