What could SA's upcoming interest rate cut mean for the Rand and people moving money internationally?

--:--
GUEST - Harry Scherzer, CEO, FutureForex

On 18 September, the Reserve Bank is set to cut interest rates for the first time since the height of the COVID-19 pandemic. The decrease, which will come as welcome news to heavily indebted consumers, follows a series of increases designed to curb inflation and which resulted in interest rates hitting a 15-year high of 8.25% in May last year.

As welcome as the rate cut will be to anyone paying off a home, car, or student loan and to those with credit card or store debt, it has other implications too. At least some of these implications will impact individuals and businesses moving large sums of money internationally.
18 Sep 2024 12PM English South Africa Business News · Investing

Other recent episodes

Department of Transport on scholar transport regulation.

GUEST - Lesiba Mpya, Spokesperson for the Gauteng Department of Roads and Transport As the 2025 academic year kicks off, the Gauteng Department for Roads and Transport is sending a clear message to scholar transport operators ahead of the new school term. With the safety of learners a top priority…
15 Jan 1PM 11 min

FlySafair responds to ‘overbooking’ investigation.

GUEST - Kirby Gordon, FlySafair chief marketing officer. In recent days, FlySafair has found itself at the center of an investigation launched by the National Consumer Commission (NCC) over its overbooking practices, following complaints from passengers. While the airline has openly admitted to overbooking on social media, it stresses that…
15 Jan 1PM 10 min

South Africa’s Top Career Opportunities for 2025

GUEST -Paul Byrne, Head of Data Insights & Customer Success at Pnet As we close the chapter on 2024, it’s clear that South Africa’s job market is undergoing dynamic changes. The latest Pnet Job Market Trends Report gives us an in-depth look at hiring activity, sector-specific demand, and regional recruitment…
14 Jan 1PM 22 min