ARTICLES Financial

Why interest rates are not likely to go up in South Africa any time soon – 13 September 2020

Anyone keeping an eye on South Africa’s financial situation will be well aware of the recent spate of interest rate cuts implemented by the South African Reserve Bank (SARB).
These have taken the prime lending rate from 9.75% in January to an eyebrow-raising low of 7% as of late July. Substantial drops like these are so rare as to be nearly unprecedented in our country and offer extraordinary opportunities for investors, particularly in sectors like property…