Asset managers chasing higher returns in SA
BoN announces jumbo repo rate hike
During the first five months of 2023, there was a capital outflow of N$10.1 billion from Namibia to South Africa.
The Bank of Namibia (BoN) announced a 50 basis points increase in the repo rate from 7.25% to 7.75%. That means the prime lending rates for local commercial banks will increase fro...
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