Aug rate hike not a done deal

By Staff Writer

Aug rate hike not a done deal

By Evan Pickworth
From Fin24

 
While food and transport growth rates were the biggest contributors to an above-consensus inflation reading on Wednesday, they may come off next month, and at the same time higher electricity inflation will then become a factor. All of which makes the upcoming rates decision on August 14 a particularly difficult one to make.

Justmoney.co.za says:

No one really knows what is going through Uncle Tito's head. What we do know is that inflation is up and the policy is inflation targeting through interest rate rises. So, make sure your expenditure is as slim as can be. Check your credit cards, for the best rates you can get. Get insurance quotes and see if you can save. Check out your car finance and cut corners in your costs.

 

Recent Articles

Featured Should you save or invest your money?

While saving means putting away cash for future use, investment involves purchasing assets which will yield good returns in the future.

Read more

Retirement annuities compared – pick the one for you

When selecting an RA you must know the type of annuity you are investing in. Retirement annuities are divided into two categories: traditional and new generation annuities.

Read more

Recent tax changes – how do they affect you?

In January this year, various amendments to the Taxation Laws Amendment Bill and the Tax Administration Act were announced. While some changes will benefit you, others could be to your disadvantage. Justmoney looks at how some of the recent changes will impact you.

Read more

Claiming from RAF – should you lawyer up?

A claim against the Road Accident Fund (RAF) can take up to five years before settlement. In trying to secure payment faster, should you appoint a lawyer rather than approaching the RAF directly?

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Save R100 when you buy a tracker at Takealot

Price: R289
When: Daily
Where: Online

Pamper yourself and partner for less at Bakwena Day Spa

Price: From R999
When: Until 31 July
Where: Hartbeespoort

Pay only R35 for the new Nandos Boujee Bowl

Price: R35
When: Daily
Where: Nationwide