Politics
South Africans are starting to feel a little financial relief. The latest Household Resilience Index shows families are stronger than before, while booming exports and record trade surpluses are boosting the economy. In his monthly update for Phoenix Bonds, economist Dr. Roelof Botha explains what this means for interest rates, affordability, and your property journey.
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On July 31, 2025, the SARB cut its key policy (repo) rate by 25 basis points to 7%, also marking a shift in its inflation target preference. Going forward, the bank will aim for the bottom of its inflation band (3%–6%), effectively pushing for a 3% target rather than the mid-point of 4.5%.
The prime rate has decreased three times by 25 basis points since September 2024, bringing the current prime rate down to 11%, which is good news for homebuyers. But why is it taking so long for the market to respond?
From a new government committed to the principles of free enterprise and private property rights, to exceptionally strong recovery of manufacturing sales and imminent easing of lending rates - A brief “good news” outlook on the political and economic landscape in South Africa, from renowned and highly respected economist Dr. Roelof Botha.
A brief “good news” outlook on the political and economic landscape in South Africa right now, from renowned and highly respected economist Dr. Roelof Botha.
An overview of the Parliament of South Africa, including the Upper and Lower Houses - how members are elected and their role in introducing and passing laws. This article also looks at the supreme law, the Constitution of South Africa, and how it guides all the other areas of the government.
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