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SARB keeps repo rate at 8.25%,

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GUEST – Arthur Kamp, Chief Economist at Sanlam Investments

SARB Governor Lesetja Kganyago announced that the repo rate will remain the same on Thursday.

This means the repo rate is 8.25%, while the prime lending rate stays at 11.75% in South Africa.

This decision follows the trend from the MPC’s previous meeting held in September where the rate was also left unchanged. The governor said that the decision to keep the rate unchanged was unanimous

23 Nov 2023 3PM English South Africa Business News · Investing

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