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Markets have in recent weeks been dealt a series of blows and Friday’s seem to be a popular day for ratings agency announcements of further downgrades to South Africa’s sovereign debt rating.
Following an unscheduled meeting last week Tuesday, the SARB’s Monetary Policy Committee (MPC) unanimously decided to cut the repo rate by another 100 basis points (bps) to 4.25%, leaving the prime lending rate at 7.75%.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?