'25 basis point rate cut insufficient for overindebted consumers' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Debt Rescue COO Annaline van der Poel argues that the recent 25 basis point interest rate cut by the South African Reserve Bank’s Monetary Policy Committee is not enough for heavily indebted consumers.

Analysts believe this marks the first rate cut since the bank’s rate hiking cycle which began in 2021, giving marginal relief to economically constrained consumers.

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