Repo rate up by 50 basis points
By Aneeqa du Plessis After much anticipation, The South African Reserve Bank (SARB) has increased the repo rate by another whopping 50 basis points to 7.75%. Commenting on the hike, SA Federation of Trade Unions (SAFTU) said it opposed the latest interest rate hike, as it will have an adverse impact on the living standards of workers and have a devastating blow to already ailed small businesses. The prime borrowing […]