The Sarb’s decisions are being scrutinised

From page 1 interest rates and looming VAT hikes, businesses face an uphill battle. For many, the burden of inflated operational costs coupled with shrinking consumer demand creates a precarious balancing act that risks stifling investment and innovation. Samuel Seeff, chairman of Seeff Property Group, expressed his disappointment. “The decision is disappointing and a missed opportunity to provide vital relief to consumers and property buyers, and a boost to the economy.” He noted how higher borrowing costs discourage buyers: “When the interest rate stays the same or increases, a large percentage of potential buyers take a wait-and-see approach.” Chris Tyson, chief executive of Tyson Properties, highlighted the challenges within South Africa’s property sector. “Many businesses are cutting back on expansion plans and reinvestment due to uncertainty. This leads to…