South Africa: Cosatu Calls On the Reserve Bank to Drop the Repo Rate

Repo rate cut not a surprise but very welcome

The Monetary Policy Committee decided to cut the repo rate thanks to a stable rand, moderating inflation and better economic growth prospects.

Kganyago cuts rates, hints at efforts to target 3% inflation

SA Reserve Bank governor Lesetja Kganyago announced a 25 basis points cut to the repo rate on Thursday, adding that the monetary policy committee would start aiming for the lowest rung of its target band for inflation.

Reserve Bank cuts repo rate and sets inflation anchor at 3%

Benchmark rate trimmed to 7% and Kganyago says central bank’s forecasts will now be based on bottom of existing target range

South Africa: Cosatu Calls On the Reserve Bank to Drop the Repo Rate

The Congress of South African Trade Unions (COSATU) calls on the South African Reserve Bank's Monetary and Policy Committee (MPC) to cut the repo rate by at least 25 basis points at its meeting on Thursday, 31 July.

Workers to face challenges negotiating salary increases: Mano - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

An economist at FNB, Koketso Mano, says the Reserve Bank’s decision to target the lower part of the 3 to 6% inflation range will have some implications for workers and businesses. Mano argues that workers will face challenges negotiating salary increases beyond 3% while businesses will be forced to absorb rising costs instead of passing them on to the consumer. The Reserve Bank ‘s Monetary Policy Committee has decided to cut interest rates by 25…

SA Reserve bank takes repo rate down to 7%

SA Reserve bank takes repo rate down to 7% Zandile.Khumalo Thu, 07/31/2025 - 18:25 JOHANNESBURG - Relief for indebted consumers. The South African Reserve Bank has cut interest rates by another 25 basis points. This brings the country's repo rate down to 7%, and the prime lending rate to 10.5%. It's the first time the repo rate is at 7%, since the Covid-19 pandemic.READ: SARB cuts repo rate 25 basis pointsThe unexpected decision was taken durin…