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Repo rate cut to 3.0%

Category News and Advice

The South African Reserve Bank has announced a further repo rate cut by 25 basis points to 3.0%, bringing the prime interest rate down to 7.0%. The rate cut introduced by the SARB as a stimulus to the market is proving to work as investors with strong balance sheets are taking advantage.

Sales are expected to increase as we are faced with a low interest rate and high property yields.

Author: Loy de Jager

Submitted 29 Jul 20 / Views 807

Briardene, Durban

Briardene is centrally located in the northern parts of Durban. The node sticks out on the ridge between the N2 and North Coast Road. Queen Nandi Drive connects Briardene to the main roads. It is a stone's throw away from Springfield, Riverhorse... More Info
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