Interest Rate Cut Unlikely Despite Cooling Inflation, Says Neil Roets

Neil Roets, CEO of Debt Rescue, commented on the recent inflation data, indicating that while the slight cooling in inflation is positive, it is unlikely to prompt the South African Reserve Bank (SARB) to cut interest rates in the near future. SARB’s Focus on Sustainable Inflation Control Roets explained, “The SARB’s focus is on ensuring […]

Repo Rate Stays Steady: No Relief for Debt-Stricken South Africans, Warns Neil Roets

Neil Roets, CEO of Debt Rescue, highlighted the dire situation for South African consumers as the repo rate holds steady at 8.25%, providing no immediate relief. The South African Reserve Bank’s recent review indicates that interest rate cuts are not expected until the end of the year, further straining consumers already burdened by high inflation […]