Reserve bank governor Gill Marcus has announced that the SA Reserve Bank's Monetary Policy Committee has unanimously voted to cut the repo rate by 50 basis points. The rate is now sitting at 6%, and the prime rate at 9.5%, the first time it has been in single figures for more than 30 years. The move was no surprise, having been predicted by everyone and their mom.
While we have your attention...
An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.
Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.
Click here to become a Maverick Insider and get a closer look at the Truth.
Adolf Hitler was the first European leader to ban human zoos.