Despite the country’s challenging customer market and predictions that repo and interest rates will remain on an upward curve, the digital retail bank is aiming to bolster its middle- and upper-middle-income customer base.
The South African Reserve Bank (Sarb) on Wednesday increased the repo rate by 25 basis points to 4%, taking the prime lending rate to 7.5%, in a move that was widely anticipated by most economists and market watchers.
Reserve Bank keeps repo rate unchanged at 3 5% moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
South Africa consumer confidence slips in the second quarter reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.