Repo Rate Increased

Repo Rate Change 50 Basis Points

On 2016/01/29 the South African Reserve Bank (SARB) raised the Repo Rate with 50bps to 6.75%. Prime is now 10.25%. What does that meon for consumers. Repo Rate Change Consequences With the Rep & Prime Rates going up you will pay more on your bond, car finance and other loans. For pensioners relying on interest …

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