This comes after significant pressure on consumers, with borrowing costs surging by 475 basis points since 2021.

Government welcomes the decision by the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) to lower the repo rate by 25 basis points, thus shifting the prime lending rate to 11.5 ...

South Africa’s central bank cut its benchmark interest rate for the first time since 2020 on Thursday, joining other nations in reducing borrowing costs as inflation eases. Central banks worldwide ...

South Africa's central bank cut its benchmark interest rate for the first time since 2020 on Thursday, joining other nations in reducing borrowing costs as inflation eases.

USD/ZAR slipped lower on Thursday as South African rand firmed further against greenback after South Africas central bank cut ...

The decision to cut the repo rate signals a shift towards a more accommodative monetary policy stance in light of favorable ...

South Africa's central bank struck a measured tone after its first rate cut in more than four years on Thursday, saying ...

The South African rand gained in early trade on Thursday after a super-sized interest rate cut by the U.S. Federal Reserve, and as local investors awaited a rate decision by the South African Reserve ...

SARB cut its main benchmark rate by a quarter percentage point to 8%.

JOHANNESBURG--The South African Reserve Bank cut its main repo rate on Thursday, the first central bank to follow the Federal Reserve's move to lower borrowing costs.

JOHANNESBURG--The South African Reserve Bank cut its main repo rate on Thursday, the first central bank to follow the Federal Reserve's move to lower borrowing costs.

Potential investors are being forced to reconsider their decisions due to the poor expansion of Nigeria's real estate industry, which is caused by a volatile currency rate and skyrocketing inflation.