Skip to content

JustMoney says interest rates have decreased, but there is no room for complacency [SOUND]

# Even with interest rates easing, South Africans cannot afford to let their guard down when it comes to managing money. This is according to JustMoney’s operations and sales manager, Sarah Nicholson. The South African Reserve Bank reduced the repo rate by 25 basis points to seven-percent last month. As a result, the prime lending rate for commercial banks decreased to 10.50-percent. Nicholson says vigilance and smart financial choices remain essential for people to weather financial challenges:

ENG NicholsonOnSpending