Guiding consumers since 2009

Interest rates could come down, says analyst

By Staff Writer
Interest rates could come down, says analyst

From The Dispatch

Rates could come down sooner rather than later, Sasfin market commentator David Shapiro speculated yesterday.The reason is that South Africa's infrastructure development projects relied heavily on the availability of cash. If there was not enough cash available, South African Reserve Bank Governor Tito Mboweni would have to kick-start the process by reducing interest rates, he said.

Justmoney.co.za says:

At the moment it is just speculation, but sooner or later the rates will have to come down. Until then, get a savings account, transfer the balance on your credit card, consolidate your debt, and sit tight.

Recent Articles

Featured Part 3: Debt rehabilitation explained

In the third part of our Debt-ucate series we explore which debt rehabilitation solutions are available, and what they entail.

What impact does compound interest have on your savings and debt?

Interest plays a big role in your savings and debt. It determines how much you’ll receive for keeping your money in the bank and it also determines how much you’re going to pay your creditors. But what power does compound interest have on your finances?

Times are tough, but keep your debt under control

While the whole world is going through a rough patch, you may also be feeling the pinch. With the country in crisis, it may be difficult to keep up with your debt instalments. However, abandoning your debt obligations is not the solution.

Debt Series Part 2: Interest rates - unpacked

In the second part of our Debt-ucate series we explore interest rates –from how to get a better rate to what influences it, and how this affects the cost of your debt.

Deals

Chartered Finance Institute Free Course

Price: Available on request
When: Daily
Where: Online

Takealot Lockdown Specials

Price: Available on site
When: Daily
Where: Online

Woolies Winter Sale

Price: Available on request
When: Daily
Where: Online