SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

This after the South African Reserve Bank announced the repo rate cut last week.But Parliamentarians seem to differ on certain aspects of the announcement.

“We reject the decision by the monetary policy of the South African Reserve Bank to reduce the repo rate by 25% base points to 25% per annum. While we welcomed the much-needed relief for the working class and the consumers, the extreme conservatism demonstrated by the reserve bank remains a great concern.”

“The IFP welcomes the significant reduction in the repo rate as it has been cut by 25 basis points to 8%. This means the people of South Africa will finally be able to experience the economic relief. However, we celebrate with caution as we know how unpredictable the global financial market can be.”

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South African defence industry open for business - SABC News - Breaking news, special reports, world,South Africa’s state-owned defence company, Denel, say it is open for business. The company used Africa Aerospace and Defence (AAD) 2024 to clearly
Source: SABCNews - 🏆 37. / 51 Read more »

Proteas women announce T20 World Cup squad - SABC News - Breaking news, special reports, world, business,Du Preez says the team's tour to Pakistan will be crucial to get their winning momentum back.
Source: SABCNews - 🏆 37. / 51 Read more »

Proteas women gearing up for T20 World Cup - SABC News - Breaking news, special reports, world, business,The South African women's cricket team will be looking to gather momentum for the ICC T20 World Cup.
Source: SABC News Online - 🏆 32. / 51 Read more »