Interest Rate Cuts Will Attract Investors To Sa: Economist

Independent Economist Elize Kruger says further interest rate cuts would attract investors to the country and boost economic growth.

Her comments come after the South African Reserve Bank's SARB reduction of the repo rate by another 25 basis points to 7.5 , bringing the prime lending rate down to 11.

The rate cut is the third since September last year.

This is the first time the prime lending rate is at this level since May 2023.

Kruger says, "Debt levels in South Africa are already unsustainably high so we cant look at the fiscal side to stimulate the economy but on the monetary side. I believe theres still a bit of room and I wish that we can look into that direction."