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Standard Bank hopeful that MPC repo rate cut a turning point for the property sector
Manage episode 464122443 series 2825635
One of South Africa's major banks, Standard Bank, says the recent decision by the country's Reserve Bank to reduce the repo rate, may mark a turning point for the residential property market. In the third such move since September 2024, the Reserve Bank this week announced a 25-basis point cut in the repurchase rate, bringing the prime lending rate down to 11%. Standard Bank says the announcement may provide a glimmer of hope for the housing market, as millions of consumers struggle to meet their repayment obligations. For more on this, Elvis Presslin spoke to Standard Bank Chief Risk Officer, Thabani Ndwandwe
6429 에피소드
Manage episode 464122443 series 2825635
One of South Africa's major banks, Standard Bank, says the recent decision by the country's Reserve Bank to reduce the repo rate, may mark a turning point for the residential property market. In the third such move since September 2024, the Reserve Bank this week announced a 25-basis point cut in the repurchase rate, bringing the prime lending rate down to 11%. Standard Bank says the announcement may provide a glimmer of hope for the housing market, as millions of consumers struggle to meet their repayment obligations. For more on this, Elvis Presslin spoke to Standard Bank Chief Risk Officer, Thabani Ndwandwe
6429 에피소드
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1 ANC announces significant changes to its provincial leadership 5:30
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1 CWU warns that SAPO may be forced to shut its doors by month end 19:30
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1 Rolling mass action against austerity measure and teacher job cuts in the Western Cape 5:36
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1 Nehawu rejects claim that parliamentary cleaners earn R30 000 monthly 4:59
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1 Makhanda residents taking to the streets demanding removal of mayor and speaker 5:15
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1 Concern as Johannesburg's Westpark Cemetery to reach full capacity by May 5:36
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