Belle Maureene

Rate Cuts 2024 South Africa 2024. Despite initial expectations of rate cuts in the second quarter, projections have now been postponed, with investec predicting the first cut, around 25 basis points, in the third quarter of the year. South africans could breathe a small sigh of relief as interest rates could come down by the middle of 2024, according to mpho molopyane, the chief economist at.

This move follows the u.s. The south african reserve bank slashed its key interest rate by 25 bps to 8% on september 19, 2024, as expected, following seven consecutive meetings at a 15.