Overview
- Governor Lesetja Kganyago announced the move after the Monetary Policy Committee’s three-day meeting in Pretoria on November 20.
- The repo rate is now 6.75%, which reduces borrowing costs immediately for households and businesses.
- Standard Bank’s Elna Moolman estimates the peak boost to consumer spending will arrive in 10–12 months.
- Moolman expects further rate relief in 2026 to be gradual rather than delivered at consecutive meetings.
- Government and Cosatu welcomed the decision, citing relief for indebted workers and support for small firms and confidence.