There's been mixed reaction to the South African Reserve Bank decision to cut its repo rate by 25 basis points with some welcoming the relief but expressing disappointment at the modest scale. This is the first cut since the Covid-19 global economic fallout four-and-a-half years ago. The repo rate will now be at 8% while the prime lending rate will come down to 11.50%. Meanwhile the automobile industry sees this as an opportunity to boost sales. . For more we are now joined on the line by the National Automobile Dealers' Association vice chairperson Thembinkosi Pantsi.