Stay informed with the latest news and expert opinions from South Africa’s leading news agencies. Debt Rescue’s CEO Neil Roets and Debt Rescue’s COO, Annaline van der Poel, shares economic insights, explains how debt review can help over-indebted consumers, and valuable financial advice. From expert interviews to breaking news, this page brings you honest discussions about money, debt counselling, and actionable tips to help you take control of your debt.
While the increase in the price of diesel between 62 cents and 63 cents 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. Roets said
He announcement by the Reserve Bank that it was increasing the repo interest rate by 0.5% 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 the price of SA’s staple food – maize meal – may increase by as
Reserve Bank expects inflation to average 6.8% in 2016 and 7% in 2017. Hanna Ziady and Alex Mitchley 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 today it stands at 6.75%, or
Food prices remain significant risk to inflation outlook. South African Reserve Bank Governor Lesetja Kganyago on Thursday announced a 50 basis point hike in the repo rate – lifting it to 6.75% – off the back of mounting concerns over runaway inflation. “The rand has depreciated considerably in response to domestic and external developments, while
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%
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
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
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.
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,
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
