Repo rate increase by 75 basis points

eNCA gets the view of Investec's Treasury Economist, Tertia Jacobs. #DStv403

JOHANNESBURG - The South African Reserve Bank raises repo rate by 75 basis points.

READ: WATCH: Interest rate hike likely

The prime lending rate is now up to 10.5 percent.

Consumers are already struggling with the ever-increasing cost of living, with many saying they are unable to keep up.


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