South Africa welcomes rate cut, unveils energy investment plan

• 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.