One of South Africa's major banks, Standard Bank, says the recent decision by the country's Reserve Bank to reduce the repo rate, may mark a turning point for the residential property market. In the third such move since September 2024, the Reserve Bank this week announced a 25-basis point cut in the repurchase rate, bringing the prime lending rate down to 11%. Standard Bank says the announcement may provide a glimmer of hope for the housing market, as millions of consumers struggle to meet their repayment obligations. For more on this, Elvis Presslin spoke to Standard Bank Chief Risk Officer, Thabani Ndwandwe