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Interest rate hope for South Africa | SA News

Staff Writer
 ·14 Jul 2025

With the looming turmoil of a 30% tariff on South Africa’s exports to the United States and heightened uncertainty, economists don’t expect an interest rate cut in July.

However, with the current repo rate well above the neutral interest rate, Investec believes South Africa has room for three more interest rate cuts this year, and even more in 2026—although we are likely to see only one or two.

This will depend on various factors, including the much-talked-about change to the South African Reserve Bank’s (SARB’s) inflation target…

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