MPC | "People are loosing houses and we are not creating jobs": Dr Roelof Botha

Consumers can breathe a sigh of relief as the prime lending rate is now at 11.50 percent. The South African Reserve Bank's Monetary Policy Committee has unanimously cut the repo rate by 25 basis points to eight percent with effect from today. The unanimous decision marks the first time since May 2023 that the committee has changed rates. To talk more on this matter, we are joined virtually by the Economic Advisor to the Optimum Financial Services Group, Dr Roelof Botha . For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.