The Governor of the Reserve Bank Lesetja Kganyago has this afternoon announced that the repo rate will remain unchanged. This leaves the prime overdraft lending rate at 7%.

This announcement was expected and will allow our currency to remain stable at around R15 to the USD.

In addition, and more importantly, the bond rates, which are now the lowest rate in 50 years will remain at these levels.

This is good news for the property market!

Kindest regards
Miltons Matsemela Inc.