‘2016 will be very expensive’
Johannesburg – Economists are divided on exactly how badly the repo rate hikes will affect the average South African in debt, though few believe yesterday’s hike is good news. The South African Reserve Bank is to increase the repo rate by 50 basis points. According to SARB governor Le-setja Kganyago, the rate at which the […]
More increases expected this year
Reserve Bank expects inflation to average 6.8% in 2016 and 7% in 2017. The South African Reserve Bank’s decision to hike the benchmark repurchase (repo) rate by 50 basis points – off the back of a worsening inflation outlook – means that as of Friday it stands at 6.75%, or 1% above where it was […]
Repo rate increases by 50 basis points
The Reserve Bank has increased the interest rate by 50 basis points. Reserve Bank Governor Lesetja Kganyago made the announcement while delivering the central bank’s first monetary policy statement of the year in Pretoria on Thursday. “Given the deterioration in the inflation outlook, the MPC decided to increase the re-purchase rate by 50 basis points […]
Dismal outlook for consumers in 2016
The announcement by the Reserve Bank that it was increasing the repo interest rate by .5% coming on top of proposed 8% increases in electricity rates is going to have a devastating impact on consumers. There is also a strong likelihood that South Africa’s staple food – maize meal – may increase by as much […]
Só raak hoër rentekoers jou sak
Die rentekoers-skok van 0,5 persentasiepunt Donderdag is die eerste van vele vanjaar. Die prima rentekoers is nou 10,25% nadat die Reserwebank Donderdagmiddag die rentekoers met 0,5 persentasiepunt verhoog het. Ontleders verwag nóg rentekoersverhogings vanjaar vir ’n totaal van 1 persentasiepunt, asook ’n styging van 0,5 persentasiepunt in 2017, wat beteken dit is nog lank nie […]
Hikes in interest ‘could be worse’
ECONOMISTS are divided on exactly how badly the repo rate hikes will affect the average South African in debt, though few believe yesterday’s hike is good news. The South African Reserve Bank is to increase the repo rate by 50 basis points. According to SARB governor Le- setja Kganyago, the rate at which the institution […]
Repo rate hikes split economists
Shain Germaner ECONOMISTS are divided on exactly how badly the repo rate hikes will affect the average South African in debt, although a few are saying that yesterday’s hike is good news. Yesterday afternoon the SA Reserve Bank announced it would increase the repo rate by 50 basis points. According to the bank’s governor, Lesetja […]
Slegte nuus vir kredit-aktiewe Suid-Afrikaners
Consumers warned to tread carefully
Consumers in for a tough time with rate hike
A widely expected rate hike by the South African Reserve Bank (Sarb) on Thursday is going to have a devastating impact on consumers, Debt Rescue CEO Neil Roets told Fin24. He said all indications are that Sarb will increase the repo rate by 0.5%. This comes on top of a proposed 8% hike in electricity […]