The South African Reserve Bank has kept the Repo rate unchanged, which means the prime lending rate remains at 7%. SARB Governor Lesetja Kganyago says it is unlikely that rates will be cut again this year.

The South African Reserve Bank has kept the Repo rate unchanged, which means the prime lending rate remains at 7%. SARB Governor Lesetja Kganyago says it is unlikely that rates will be cut again this year.