Thursday, 21 July 2016 21:13

Repo rate unchanged in July

The Reserve Bank on Thursday kept the repo rate unchanged at 7% - in line with market expectations.

Thursday, 17 March 2016 17:57

Reserve Bank raises repo rate to 7%

The Reserve Bank on Thursday increased South Africa’s repo rate by 25 basis points to 7% per annum.

The Monetary Policy Committee’s decision to further increase the repo rate was unfortunate off the back of the January (2016) hike and given the pressing need to help stimulate growth in South Africa’s economy, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

The Reserve bank (SARB) Monetary Policy Committee (MPC) decided today to hike its policy Repo Rate by a further 50 basis points to 6.75%, a move that will see Commercial Banks raise their Prime rates to 10.25%.

The SARBs Monetary Policy Committee has raised the repo rate by 50 basis points taking it to 6. 75% during its first meeting in 2016.

South Africa’s unemployment rate increased to 25.5% in the third quarter of 2015, Statistics South Africa (Stats SA) said on Tuesday.

Wednesday, 19 August 2015 16:20

CPI inflation rises to 5% in July 2015

The Consumer Price Index (CPI) rose to 5% in July 2015, Statistics South Africa (Stats SA) said on Wednesday.

Dr Andrew Golding CEO of Pam Golding Property Group and CEO of Jawitz Properties Herschel Jawitz comment on the impact of the 25 basis point interest hike on the property market.

The South African Reserve Bank’s Monetary Policy Committee (MPC) raised the key monetary policy interest rate – the repurchase, or repo rate – by 25 basis points from 5,75% to 6% per annum.

The repo rate is to remain unchanged at 5.75% per annum, the Reserve Bank said.

Page 3 of 5

Most Popular

Wide-spread implications for South Africa’s real estate market following COVID-19

May 05, 2020
JLL_Logo
JLL, one of the world’s leading real estate investment and advisory firms, today released…

Sectional Title Trustees and Homeowners Association directors face COVID-19 liability

May 22, 2020
Marina_Constas_BM_Law
The Covid-19 pandemic and South Africa’s lockdown regulations are impacting all aspects…

Deeds office reopen their doors to the public

May 09, 2020
Carlize Knoesen
The Department Agriculture, Land Reform and Rural Development has announced the reopening…

SA REIT appoints Joanne Solomon as its first CEO

May 05, 2020
Joanne Solomon new CEO SA REIT Association
With her wealth of financial and property sector experience, Joanne Solomon has been…

2020 Commercial Property Outlook –Why Property Price/Valuations Indices don’t tell the full story of market weakness during a deep recession

May 09, 2020
John LoosFNB
In a downturn, Property Market Values can deviate dramatically from the market…

Please publish modules in offcanvas position.