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EC govt opens R1,3bn wood factory Eastern Cape government has recently opened a R1,3bn Steinhoff PG Bison particle board factory, which will double its capacity. By Luyanda Makapela, BuaNews Experts react to another SARB 0.25% interest rate cut Experts are sharing insights on the South African Reserve Bank's decision to lower the interest rate by 0.25 percentage points, a move expected to significantly impact consumers, businesses, and the overall economy. SARB cuts repo rate by 25bps, prime lending rate now 11.25% The Monetary Policy Committee (MPC) announced today that interest rates will be lowered by 25 basis points. The prime lending rate therefore changes to 11.25%, and the repo rate drops to 7.75%.

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