South African Repo rate remains unchanged

Well it really comes as no surprise that Gill Marcus left the REPO rate unchanged this month. South Africa's uncertainty with regards to inflation and rising food and fuel prices kind of made us aware of this.

However, if you're a property buyer and in the buyers property market I highly suggest that you keep an eye on REPO's and repossessed properties, as this is definitely time to get bargains in South Africa.

Repo Rate - March 25 2011 - 5.5%

Repo Rate

So, even with all these public holiday's we've had this month, the government still managed to find some time to give us a little break in home loan repayments and save us all a little money.

Tito Mboweni and the South African reserve bank decided to drop the repo rate by 100 basis points. Thanks to Tito once again and thanks to the SA government.

So far, Zuma, you've got my first 2 thumbs up ;-)

Happy April everyone. Enjoy the public holiday.

Interest Rate is now 12%