First Take SA

Homeowners given breather of 25 basis points cut in interest rates


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South Africa's Reserve Bank has given homeowners a breather by cutting interest rates by 25 basis points. This follows the US Federal Reserve's 50 basis point reduction. This move will bring some much-needed relief to those struggling to make bond repayments, especially after previous interest rate hikes. To elaborate on what the latest interest entails for the property sector, Elvis Presslin spoke to Andre Parsons, Director at Get a Bond Home Loans

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