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WATCH: SA Reserve Bank hikes interest rates | IOL Business ReportThe SARB Governor Lesetja Kganyago announced that the interest rate for SA would be increased by 25 basis points. RepoRate 😳😟 yeses uNyusizinto at it again 😢😢😢ngidisemba! Saze salamba bo! Reserve Bank tricks consumers to spend via credit by reducing interest rates and as a result of the lowered interest rate, savings decline, while consumption and investment go up, setting into motion an economic boom. However, this boom turns into bust because of SARB
Source: IOL - 🏆 46. / 51 Read more »
Lagarde urges SA to safeguard Treasury and Reserve BankDespite spiralling public debt, the IMF chief says the country does not need loans What is the purpose of treasury? I mean we really don't need it because we have SARS And SARB And never ever run a deficit so huge as to lead it to the WB or IMF which will recolonise it ...
Source: BDliveSA - 🏆 12. / 63 Read more »
SA Reserve Bank leaves repo rate unchangedThe repo rate is the benchmark interest rate at which the central bank lends money to other banks.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
SA Reserve Bank keeps interest rates unchanged | IOL Business ReportThe South African Reserve Bank announced on Thursday that the interest rates for South Africa will remain unchanged.
Source: IOL - 🏆 46. / 51 Read more »