The South African Reserve Bank (SARB) has announced a 25 basis point increase in the repo rate, pushing it to 7%, with the new rate taking effect from 29 May 2026. Speaking during a media briefing on Thursday, SARB Governor Lesetja Kganyago confirmed that the Monetary Policy Committee (MPC) voted in favour of the hike, with four members supporting the increase while two members preferred rates to remain unchanged. According to Kganyago, the central bank acted in response to g
