Anybody who is financially knowledgeable has heard of a credit score and understands that it’s better to have a higher credit score as opposed to a lower credit score. not only banks will look at your credit score but employers, landlords, and others may look at your credit score before they might lend you money
Within a week of firing Pravin Gordhan & Mcbesi Jonas South Africa has been downgraded to junk status by the ratings agency S&P. Basically what this means in simple words is that the risk of South Africa defaulting on its loans/bonds has increased. The risk of doing business with South Africa has increased. The cost
Downgrade to Junk Status. Read More »
Found a funny Month End poem, go and check it out here. zebracrossing.co.za This is so true for many of us
Funny Month End Poem Read More »
On 2016/01/29 the South African Reserve Bank (SARB) raised the Repo Rate with 50bps to 6.75%. Prime is now 10.25%. What does that meon for consumers. Repo Rate Change Consequences With the Rep & Prime Rates going up you will pay more on your bond, car finance and other loans. For pensioners relying on interest
Repo Rate Change 50 Basis Points Read More »
Financial Hangover ? 2015 has gone and 2016 has just started, but this time of the year many of us overextended and overspend during the festive season, expensive holidays, gifts etc. For many people the reality is that January is a more expensive month. Expenses for schools, Increase in premiums and other costs. 2015 has
Festive Season Financial Hangover ? Read More »
Times are difficult, prices for goods and services are on the rise. Many people struggle to make ends meet. One of the choices one has is to cancel certain insurances or all of your insurances to save on expenses. Before you consider canceling your insurance rather consider if there are no other options to cut
Why not to cancel certain insurance to save money. Read More »
Inflation, a term thrown around by many people. Almost everyday the word inflation is in the news. It affects loan repayments. It is used during wage negotiations. It is measured and published. But what is inflation? How does it affect you? Inflation Explained The term inflation is a general description of the decreasing value of
Inflation, what is it ? Read More »
Times are tough and finances are stretched. All over the world south africa included, people are having a hard time trying to make ends meet. Actually, saying that is an understatement. With prices of commodities increasing day by day and with the world wide economic recession still around, a volatile South African Rand South Africans
Take Charge of Your Finances Read More »
On 2013/05/23 the South African Reserve Bank governor Gill Marcus has announced that the monetary policy committee has decided to keep its repo rate unchanged at 5.0%. The REPO rate has remained unchanged since 2012/07/19. Gill Marcus cited concerns about a lower rand exchange rate and weak economic growth.
Repo rate unchanged at 2013/05/23 Read More »