Banks will have to put greater focus on collections as consumer pressures continue

Consumers continue to suffer financial effects of the pandemic

By Neesa Moodley With the news that the repo rate will remain at 8.25% until May, based on inflation for February 2024 coming in higher than anticipated — hopes of a rate cut any time soon are rapidly dwindling. South African Reserve Bank (Sarb) governor Lesetja Kganyago has made it clear that the bank won’t change policy until […]

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