Search

South Africa welcomes rate cut, unveils energy investment plan

Allen dreyfus Logo
© Allen Dreyfus
  • South Africa lowers repo rate by 25 basis-point to 7%
  • New private-sector-backed energy reforms aim to close a R4 trillion infrastructure gap by 2035

 

JOHANNESBURG, SOUTH AFRICA – The South African government has welcomed the Reserve Bank’s decision to lower the repo rate by 25 basis points to 7.00%, calling it a lifeline for households under strain from the high cost of living. This is the third rate cut by the SARB in 2025, totalling 75 basis points so far this year.

Recent Business

Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
MTN Mobile Money lending surges in Uganda as digital credit booms
Read More »
Bond trading. @ Unsplash
Namibia bond demand eases but treasury bills remain oversubscribed
Read More »
Beer in glass. Photo by Josh Olalde @ Unsplash
EABL lifts interim dividend 60% ahead of $2.3bn Diageo exit to Asahi
Read More »

Recent Politics

Ghana ex-vice president Mahamudu Bawumia to lead opposition NPP in 2028 polls. Photo: Bawumia/Facebook page
Ghana opposition NPP re-elects Bawumia as flagbearer ahead of 2028 polls
Read More »
Raila Odinga was seen as the father of democracy in Kenya. Photo @ Raila Odinga/Facebook
Raila Odinga’s death exposes deep family rift inside Kenya’s opposition ODM
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Uganda’s disputed election under Museveni deepens East Africa concerns
Read More »

Latest Posts

Latest news insights