The interest rate cut by the Reserve Bank may put a few hundred rand back in borrowers’ pockets during a tough economic time. However, if you can manage without spending it, it would be wise to keep paying your bills at the current level to reduce your debt and future interest rate payments.

The Bank’s monetary policy committee (MPC) announcement on Thursday was a breath of fresh air in a world gone mad as the spreading coronavirus disrupts businesses and financial markets...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now