Repo rate cut a relief for indebted consumers

The Reserve Bank has cut rates by 3 percentage points since January in an effort to counter the effects of COVID-19 and the lockdown on the economy. Lower rates mean consumers pay less on debt. The money saved theoretically could be spent on goods and services, boosting the economy.
To discuss we’re joined by the Chief Investment Officer of Makwe Fund Managers, Makwe Masilela.

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From: SABC News

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