The South African Reserve Bank (Sarb) cut its repo rate by another 50 basis points to 3.75% on Thursday 21 May, taking the prime commercial lending rate to 7.25%. Sarb governor Lesetja Kganyago announced the decision following the bank’s three-day Monetary Policy Committee (MPC) meeting in Pretoria. This takes the bank’s total repo rate cuts this year to 275 basis...
South Africa’s Bank Lending Rate was reduced to 7.75 % per annum in April 2020. South Africa’s Bank Lending Rate data is updated daily, averaging 10.250 % per annum from December 1948 to 26 April 2020. The lending rate reached an all-time high of 25.5 % per annum in 18 Oct 1998 and a record low of 4.5 % on...
Student Accommodation Resilient Despite Pressure On Property Market While all three property types - residential, commercial and industrial - have been under pressure in South Africa for a while due to macro-economic factors at play, the niche segment of purpose-built student accommodation has been relatively resilient due to its hedge benefits in economic downturns, as well as a general under-supply...
