Guiding consumers since 2009

Stals backs Mboweni

By Staff Writer

Stals backs Mboweni 

From IOL.co.za 

By Thabiso Thakali

Former Reserve Bank governor Chris Stals has rallied behind his successor amid growing discontent over the latest interest rate hike, saying it was necessary to ensure sustainable economic growth in the long term.

Stals defended Governor Tito Mboweni and his monetary policy committee on Friday, stating that untenable high demand for bank credit emanating from the private sector is pushing up interest rates in the market place.

Justmoney.co.za says:

The credit crunch is not over yet. The demand for credit products is still too high and we can expect a further increase in interest rates. There are a number of options available to help you pay off your debt. Compare credit cards, as some will offer you a balance transfer to a better rate. Check that your savings accounts and bank accounts are giving you the best rate of return. Consolidate your debt and consider debt management.

Recent Articles

Featured Fuel rewards programme – how to fill up on petrol and points

South Africa’s volatile economy has often meant that factors like the fuel price bear the brunt. This year alone the country’s fuel price has fluctuated by between R1.50 to almost R3, which has put increasing pressure on motorists. That said, many of the bigger South African brands have provided some relief by way of fuel rewards programmes.

Are you entitled to your spouse’s pension after divorce?

Divorce means more than just parting ways with your partner. It may also involve parting ways with your assets. The Divorce Act states that your retirement fund forms part of your assets. This means that it will be considered when dividing up your assets.

Retrenched – which payments are you entitled to?

In the current struggling economic climate, retrenchments are a regular occurrence and not everyone survives the cut. If you find yourself on the receiving end of retrenchment you may have questions about the payments that are due to you.

Do you want to settle your debt?

You may be considering settling your credit account, whether it’s a credit card or various store accounts, now may be as good a time as any. This especially if you have saved, or you received a tax return or salary bonus. 

Deals

Builders Black Friday Special

Price: R5000
When: Until 29 November 2019
Where: Online

Café Rousse Monday Special

Price: Available on request
When: Mondays
Where: Nationwide

Skye Bar Mojito Special

Price: R55
When: Until 31 December 2019
Where: Johannesburg