Sarb’s MPC increases interest rates
The South African Reserve Bank’s (Sarb’s) Monetary Policy Committee (MPC) has decided to increase the repo rate by 25 basis points to 6.25%; the prime lending rate is 9.75%. Two MPC members favoured an unchanged stance. Sarb Governor Lesetja Kganyago said risks to the forecast have increased to the downside, mainly due to worsening drought, […]
Hoër rente: Trek nóú gordel stywer
Gaan sit dadelik om ’n tafel met jou familielede en vriende en stem in dat julle nie vanjaar Kersgeskenke gaan koop nie. Moenie buitensporig feesvier nie en moenie onnodige goed koop nie. Gebruik jou bonus of enige bykomende inkomste om skuld te delg. Dís die raad van Wendy Monkley, bemarkingshoof van die skuldberadingsfirma DebtBusters, nadat […]
Rate hike will severely impact poorest of poor
The 25 basis point increase in the repo rate announced by the Reserve Bank could push food inflation as high as 10% with catastrophic results for deeply indebted South Africans. That’s the view of Neil Roets‚ CEO of one of the largest debt management companies in South Africa‚ Debt Rescue. He said the combination of […]