Real Estate Investor Magazine December/January Edition 2024 | Page 123
By Neale Petersen
IThe South African Reserve Bank( SARB) recently reduced the prime lending rate by 25 basis points, bringing it down to 11.25 %. While the cut may seem small, it has significant implications for homeowners, buyers, and investors, offering potential savings and opportunities.
Financial experts urge property owners to take advantage of this reduction to optimise their finances and home loan repayments.
Finance
New Interest Rate Cut: owners should do now
By Neale Petersen
IThe South African Reserve Bank( SARB) recently reduced the prime lending rate by 25 basis points, bringing it down to 11.25 %. While the cut may seem small, it has significant implications for homeowners, buyers, and investors, offering potential savings and opportunities.
Financial experts urge property owners to take advantage of this reduction to optimise their finances and home loan repayments.