Discussion | SARB cuts rates by 25 basis points

JOHANNESBURG - The monetary policy committee reduced interest rates by 25 basis points.

The news comes with slight relief for those paying off houses and cars as the prime lending rate drops to 10.75%.

READ: Reserve Bank eases pressure with rates cut

The repo rate decreases to 7.25%.

Tertia Jacobs, Treasury Economist and Fixed Income Specialist at Investec, discussed what this means for consumers with eNCA.