SARB expected to cut interest rates by up to 150 bp. What does this mean for homeowners? - Breakfast chats to Wandile

The South African Reserve Bank (SARB) is expected to cut interest rates by up to 150 basis points by mid-year 2025, which could result in the average homeowner saving R1,406 per month on their bond repayment. The South African Reserve Bank’s (SARB’s) Monetary Policy Committee voted to hold rates in May, keeping the repo rate at 8.25% and the prime lending rate at 11.75%.