Repo rate cut is a step towards alleviating financial pressure on consumers, businesses

THE IFP welcomes the decision by the South African Reserve Bank (SARB) to cut the repo rate by 25 basis points to 7.25%. This reduction, while modest, offers some much-needed relief to struggling households and businesses across the country.

- NHLANHA HADEBE | IFP Parliamentary Caucus Chief Whip, Member of the Standing Committee on Finance

For too long, South African consumers and businesses have faced immense pressure from high interest rates and a stagnant economy.

This rate cut is a positive step towards alleviating some of that burden, making credit slightly more affordable and potentially stimulating investment and job creation.