interest rates
The SA Reserve Bank has left the repo rate unchanged at 5.5 percent. While, the prime rate would stay at nine percent. This was in line with market expectations and kept interest rates at its lowest level in over 30 years. This was the third consecutive meeting where it remained unchanged, after it was reduced [...]
Category : Property News
The decision by the South African Reserve Bank Governor, Gill Marcus, to cut interest rates by 0.5% was a surprise welcomed by most property experts. The prime interest rate will move from 10.5% to 10%. The last time the prime interest rate was at 10% was in 1981, and some economists are predicting another small [...]
Category : Home Loans &Pam Golding Properties &Property News &Remax Properties
The past few weeks has produced some very interesting news regarding the South African property market. Here’s a short round up of what been happening. Interest Rates: Let’s start with the most recent interest rate announcement. The South African Reserve Bank (SARB) surprised everyone when it announced that rates will remain unchanged. Clearly the SARB [...]
Category : Property News &Property Tips