Durban – At least two companies – a property firm and auction house – have welcomed the decision by the South African Reserve Bank (SARB) to cut interest rates by 25 basis points to 6.75%.
In a much-anticipated move on Thursday, 20 November 2025, SARB Governor Lesetja Kganyago announced at a press briefing on Thursday that the central bank’s Monetary Policy Committee (MPC) unanimously decided to trim the repo rate by 25 basis points.
Reacting to the move, Tyson Properties CEO Chris Tyson and High Street Auction co-director Greg Dart both said the interest rate cut was welcome.
Although 2025 has been a turbulent one for the economy as a whole, Tyson said a cumulation of smaller interest rates since September 2024 has added up to good news for the property sector.
With cuts now reaching the 150-basis point mark, Tyson said he believes that this could continue to have a positive impact on the entire property sector going forward into 2026.
Tyson’s optimism is not only based on interest rates, however.
Tyson said he was encouraged by the creation of a new inflation target at 3% which immediately replaces the previous target range of between 3 and 6%.
