How the South African Reserve Bank's interest rate cut affects your finances
"The interest rate cut is well welcome, it will help people spare some money; however, it doesn't translate to job creation or economic growth," economist Dawie Roodt said.
"The same amount will enable a few more things to rotate in the economy, because when people spend less on one item, they'll spend some of the remainder on something else," he said.
"For the economy to grow, we need more than interest rate cuts; we need macroeconomic policy changes."
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IOL News
39 minutes ago
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4 hours ago
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