The prime rate was cut from 10% in 2019 to 7% last year, as the Reserve Bank’s monetary policy committee moved to bolster the economy amid the pandemic.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism.
You can cancel any time.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to invest for the possibility of higher inflation and interest rates in South AfricaThe investing world could look quite different over the next 10 years, characterised by higher inflation and interest rates.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
What to expect from the property market in South Africa in 2022 – and where to buyWe are expecting to see marginal interest rate increases during the course of 2022, and economists are predicting that we will not see pre-Covid interest rates for several years. This leaves a favourable environment for buyers and property investors alike, says Paul Stevens, CEO of Just Property. South Africa can jump start its economy if it does the following: 1-Remove the race based BBBEE laws! 2-Remove all labour law red tape! 3-Reduce Corporate Income Tax to 22%! (This will be lowered to 27% next year tho)
Source: BusinessTechSA - 🏆 24. / 61 Read more »