Herschel Jawitz CEO – Jawitz Properties An interview on Cape Talk this morning. Financial Planner & 567 CapeTalk / Talk Radio 702 Financial Fitness Presenter South African Reserve Bank (SARB) Governor Gill Marcus announced yesterday that the repo rate has been increased by 0.25% basis points to 5.75%. This follows the 50% interest rate hike in January this year. Marcus said that the economy contracted in the first quarter of 2014 and the growth outlook for the rest of the year remains subdued because of low business confidence. Marcus also expressed concern about the strength of the South African rand. Is there any comfort for the public in the midst of these gloomy news from the SARB.
Posted on: Fri, 18 Jul 2014 07:08:55 +0000
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