The Reserve Bank is expected to lift the repo rate 25bp, raising the likelihood of forced home sales by stressed mortgage clientsHomeowners face more pressure this week as the South African Reserve Bank’s monetary policy committee is expected to hike rates for the ninth time
since November 2021, raising the likelihood of more forced property sales to avoid loan defaults. ..You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 and keep the conversation going. You can cancel anytime.
This is a big fat lie.
What changed, is the rand still responding?🤔
When was prime 3.75%? In South Africa? Nope.
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