Rate hike will be devastating for consumers
Cape Town – 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% […]
Rate hike ‘could fuel inflation’
Donwald Pressly, Cape Messenger’s editor, considers the implications of a repo rate hiking cycle. On Thursday 28 January 2016 the Monetary Policy Committee raised rates by 50 basis points. He argues that it could have the opposite impact to that intended – it could fuel inflation 29 January 2016 – This is not good news […]
Hoër rentekoersprobleme
Johannesburg. – Die Reserwebank se onverwagse aggressiewe verhoging van die rentekoers gister gee mense op Skuldbult min of geen beweegruimte nie. Dit is minstens die derde swa- re slag vir Suid-Afrikaners naas die verswakking van die rand en die droogte en sy gepaardgaande hoër kospryse, maar daar kom heel moontlik nóg ‘n paar, soos hoër […]
SA Gaan Swoeg
DIE verhoging van die rentekoers sal vanjaar ‘n helse impak op verbruikers hê. Lesetja Kganyago, president van die Reserwebank, het die repokoers met 0,50 persentasiepunte tot 6,75% verhoog. Dit beteken die prima rentekoers van banke word 10,25%. Die Reserwebank het 00k in November rentekoerse verhoog, met 0,25 persentasiepunte, wat die tweede keer in 2015 was. […]
Dié dinge gaan nou jou sak baie hard ruk
Johannesburg. – Die Reserwe bank se aggressiewe verhoging van die rentekoers gister gee mense op Skuldbult min of geen beweegruimte. Dit is minstens die derde swaar slag vir Suid-Afrikaners naas die verswakking van die rand en die droogte en die gepaardgaande hoér kospryse, maar daar kom heel moontlik nóg ‘n paar, soos hoér belas- ting, […]
Interest rates pushed up!
LESETJA Kganyago, governor of the Reserve Bank, yesterday announced a hike in the repo rate to 6,75%. This means the prime lending rate will now be 10,25%. The rand strengthened as Kganyago was speaking. Ahead of the announcement, debt experts warned that a hike in interest rates would be devastating for consumers. DebtBusters CEO Ian […]
Nog’n harde slag wat SA tref
“Geen beweegruimte meer oor vir dié wat op skuld leef” Die Reserwebank se onverwags aggressiewe verhoging van die rente- koers gister gee mense op Skuld- bult min of geen beweegruimte. Dit is minstens die derde sware slag vir Suid-Afrikaners naas die verswakking van die rand en die droogte en sy gepaardgaande hoér kospryse, maar daar […]
Diesel price drop to bring some relief
While the increase in the price of diesel between 62c and 63c a litre from Wednesday is going to bring some relief to battered consumers who depend on road transportation to convey most of the commodities they consume including food‚ the dismal state of the economy is going offset this drop. That’s the view of […]