Interest rate drop is good news, says NADA
The Reserve Bank (SARB) has announced a 25-basis-point cut to the repo rate, reducing it to 7%. As a result, the prime lending rate for commercial banks will drop to 10.50%.
- Industry News
- 1 August 2025
Toyota South Africa Motors (TSAM) joined the MTN Shift Gaming Experience, one of South Africa’s largest national gaming tournaments, which is taking place at Hyprop Malls across the country.
As the official racing partner of the nationwide gaming convention, the Toyota Gaming Engine (TTGE) will play host to GT7 SuperSprint – a high-energy tournament guaranteed to deliver speed, skill and unforgettable fan experiences.
The tournament will travel to major Hyprop Malls nationwide, bringing a premium motorsport-inspired gaming experience to thousands of South African gaming enthusiasts. Two state-of-the-art sim rigs will be installed at each location, where visitors of all skill levels can strap in for free-to-play or the daily time lap challenges. The MTN Shift Gaming Experience will offer participants the opportunity to drive the exciting Toyota Gazoo Racing sports cars in a virtual setting.
While open to all ages, prizes will be awarded exclusively to participants aged 18 and older. Each day’s fastest lap will win a R1 000 shopping voucher to use at the mall where they competed. Winners of the grand prize, an all-expenses paid Toyota Gazoo Racing Driving Academy (TGRDA) experience for two, will be announced at the end of the MTN Shift Gaming Experience in September.
Event Dates and Locations:
“Toyota South Africa Motors is thrilled to help bring another exhilarating MTN Shift Gaming experience to life. We look forward to meeting fans on the ground and showcasing the power, excitement and innovation behind the Toyota brand – on and off screen,” says Tasneem Lorgat, General Manager: Marketing Communications.
The Reserve Bank (SARB) has announced a 25-basis-point cut to the repo rate, reducing it to 7%. As a result, the prime lending rate for commercial banks will drop to 10.50%.
The African Association of Automotive Manufacturers (AAAM) is accelerating its efforts to strengthen industrialisation and develop Africa's automotive value chain through the appointment of a new Project Manager.
While artificial intelligence (AI) investments offer substantial growth and profitability opportunities for insurance companies, they also introduce new risks that could significantly impact financial performance and credit ratings if not properly managed, according to Morningstar DBRS analysts.
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You can't buy happiness but you can buy cars and that's kind of the same thing.
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The Reserve Bank (SARB) has announced a 25-basis-point cut to the repo rate, reducing it to 7%. As a result, the prime lending rate for commercial banks will drop to 10.50%.
The African Association of Automotive Manufacturers (AAAM) is accelerating its efforts to strengthen industrialisation and develop Africa's automotive value chain through the appointment of a new Project Manager.
While artificial intelligence (AI) investments offer substantial growth and profitability opportunities for insurance companies, they also introduce new risks that could significantly impact financial performance and credit ratings if not properly managed, according to Morningstar DBRS analysts.