# BetterBond says the latest 25-basis-point interest rate hike will increase monthly bond repayments and put more pressure on homeowners. The prime lending rate has now risen to 10.75-percent. CEO Stephan Potgieter says the increase is a precaution against possible oil price shocks linked to conflict in the Middle East. Potgieter added the resilient rand […]
# Union federation Cosatu has hit out at the South African Reserve Bank’s decision to raise the repo rate by 25 basis points to 7.25-percent, calling it deeply disappointing and untimely. The federation argues the hike will make home loans and other debt more expensive for struggling workers already facing higher fuel, transport and electricity […]
# KPMG lead economist Frank Blackmore says the drop in core inflation to 4.1-percent in August is a positive sign, after core inflation had been rising in recent months. However, Blackmore states higher oil and fuel prices are putting upward pressure on transport costs, adding to overall inflation. He added that housing and utilities remain […]
# Standard Bank economist Elna Moolman says the South African Reserve Bank’s 25-basis-point interest rate hike could be the last increase in the current rate cycle. According to Moolman, rising fuel prices were a key reason for the hike, with petrol prices increasing again in September and possibly rising further in October. Moolman added there […]
# The South African Reserve Bank sees inflation returning to the three-percent target by late next year, despite a near-term rise driven by higher fuel prices. According to the bank, food inflation remains low, while global conflicts, oil prices and other supply problems continue to pose risks. Governor Lesetja Kganyago told the media that the […]
# Die Standard Bank-ekonoom Elna Moolman sê die Suid-Afrikaanse Reserwebank se rentekoersverhoging van 25 basispunte kan die laaste verhoging in die huidige rentekoerssiklus wees. Volgens Moolman was stygende brandstofpryse ‘n belangrike rede vir die verhoging, aangesien petrolpryse in September weer gestyg het en moontlik in Oktober verder sal styg. Moolman het bygevoeg daar is nog […]
# Die vakbondfederasie COSATU het skerp kritiek uitgespreek teen die Suid-Afrikaanse Reserwebank se besluit om die terugkoopkoers met 25 basispunte tot 7,25-persent te verhoog, en dit as uiters teleurstellend en ontydig bestempel. Die federasie voer aan die verhoging sal huislenings en ander skuld duurder maak vir werkers wat reeds swaarkry en met hoër brandstof-, vervoer- […]
# Die Suid-Afrikaanse Reserwebank verwag dat inflasie teen laat volgende jaar na die teiken van drie-persent sal terugkeer, ondanks ‘n styging op die kort termyn wat deur hoër brandstofpryse aangedryf word. Volgens die bank bly voedselinflasie laag, terwyl wêreldkonflikte, oliepryse en ander voorsieningsprobleme steeds risiko’s inhou. Die president van die bank, Lesetja Kganyago, het aan […]
# Die hoofekonoom van KPMG, Frank Blackmore, sê die daling in kerninflasie tot 4,1-persent in Augustus is ‘n positiewe teken, nadat kerninflasie die afgelope maande toegeneem het. Blackmore sê egter die hoër olie- en brandstofpryse veroorsaak opwaartse druk op vervoerkoste, wat bydra tot algehele inflasie. Hy sê behuising en nutsdienste is steeds die grootste bydraers […]
