The repo rate, which directly impacts interest rates, affects many aspects of an economy, such as the exchange rate and money supply. As such, it can be used to manipulate spending to reach certain economic goals. For example, when spending and hence economic activity is low, the Reserve Bank may lower the interest rate to […]
Although holidaymakers tend to leave bookings a bit late, there is no shortage of eagerness to get away for a holiday. Many are looking to book a secure spot that allows them to get out of the house to a convenient coastal spot that does not leave them at risk if there is another pandemic […]
The announcement to hold the repo rate steady at 3.5% marks a full year that South Africans have been able to make the most of a historic low-lending environment, says Carl Coetzee, CEO of BetterBond. “With the prime lending rate currently at 7%, the lowest it has been in 55 years, the property market is […]