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Welkom to welcome new mallThe Free State town of Welkom will soon have its retail sector merged into a regional mall with national retailers as its anchor tenants.Welkom market surviving less miningThe Welkom property market is still fairly robust in spite of the fluctuating gold price, downscaling of mining activities and the decline in the property markets of most other centres. Unchanged repo rate: Disappointing for the economy and property, but not surprisingThe decision to keep the repo rate unchanged at 8.25% means the prime lending rate will have been at a15-year high of 11.75% for more than a year, because the current rate was set by the MPC at its May 2023 meeting.
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