Repo Rate Cut | South Africans react to looming cut

Good news for indebted consumers as the Reserve Bank's Monetary Policy Committee decided to ease interest rates by 25 basis points. The move takes the country's repo rate to 8-percent and the prime lending rate to 11-point-5 percent. This marks the first rate cut in four years. The anticipation though, ahead of the announcement, was noteworthy. So today, we want to give you a sense of what was running through people's minds before the announcement was made. SABC News Producer, Cathrine Mawila, went out to speak to a few people about their expectations, which gave us a good sense of what was at stake. Take a look.. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.