I’m very pleased to share with you that yesterday the South African Reserve bank but it’s REPO rate by 0.5% or 5 basis points.
This means that banks and financial institutions should now all be on par with a prime lending rate at 8.5% – this is the lowest rate in over 30 years and is welcomed by all.
Read the rest of the story here: http://www.property24.com/articles/prime-interest-rate-cut-to-85-percent/15881?SourceFeed=News24
* information correct as per time of posting
Posted by GPF 
GPF Mortgage 