Interest rates | Discussion | Repo rate slashed by 25 basis points

JOHANNESBURG – Reserve Bank govenor Lesetja Kganyago has announced a 25-basis point rate cut.
WATCH: Discussion | Unpacking the MPC decision on interest rates
The repo rate now falls from 8% to 7.75%.
Chief Economist at Standard Bank, Goolam Ballim discussed what this means for customers on eNCA.