“Nobody should be without a home, and this makes it more possible."
EXCITED: Xolisile Tshabalala, a resident from South Crest, said: “I’m actually looking for a house myself, so this is great news for my budget. It also means more people could afford homes, which is wonderful.”
On Thursday, July 27, community members were asked their opinions on the recent repo interest rate cut. The overall response was, with little surprise, very positive. Here is what they had to say.
HOPEFUL: Chichi Sihlangu said: “Great news, because we’ve been losing a lot of investments lately. If we can attract investors to buy, we will be able to improve the economy from an all-time-low to something substantial.”THUMBS UP: Sandra Zikalala, a visitor from Vosloorus, said: “It’s a very good thing. People might just be able to afford investing. The more investments, the better for South Africa, its economic status and of course, its junk status.”OPPORTUNISTIC: “This will give people more opportunity to enter the property market, so of course it’s good news. Houses on repo are mostly not bad or run-down or, so it’s generally a good investment opportunity,” said Mary Wilson from Brackendowns.HOMES FOR ALL: Susan Ndaba, a visitor from Leondale, said: “Nobody should be without a home, and this makes it more possible. The country will benefit from this repo rate cut, especially when it relieves the junk status a bit.”
