Black Business Council (BBC) CEO Kganki Matabane on Thursday welcomed the South African Reserve Bank (SARB) Monetary Policy Committee’s decision to cut the repo rate by 25 basis points to 6.5% from 6.75%. Matabane said the committee’s decision to decrease the repo rate will bring much needed relief to overburdened consumers, as well as those in the small, medium-sized and microenterprises sector, with short to long-term capital loans.
↧