Make It Make Sense With Ayanda Nyathi - Understanding The Repo Rate In SA

When the South African Reserve Bank makes announcements on the "Repo Rate", the story is often reported as though everyone understands what the repo rate actually is. We know that when it goes up, then the cost of our credit and loan repayments will increase, and that if it goes down, the cost of our credit and loans decreases. So then, what is the repo rate, who determines it, and what are the factors that cause it to fluctuate? Nedbank Economist Isaac Matshego joins us for Make It Make Sense.