Interest rate cut by half a percent

By Staff Writer

The Monetary Policy Committee has just released its new interest rate figures.

The new rate is 0.5% less or 50 basis points this brings prime down to 15% and the repo rate to 11.5%.

Your personal loan, home loan and credit card just cost less, but bear in mind that these changes will take time to reflect.

Recent Articles

Featured Can you avoid using a retirement fund?

Sceptical about having a retirement fund? We briefly consider some pros and cons of retirement funds.

Offshore investing 101 – how much should you invest?

Offshore investing has significant financial advantages. We explore how to invest offshore and what it takes to secure great portfolio performance.

When should you invest rather than save?

Extra cash left at the end of the month? We have a look at the differences between saving and investing, and we find out how you should decide which one to pursue.

Investing for your retirement – which product to use?

Retirement annuities (RAs) and tax-free savings accounts (TFSAs) - which is better when planning for your retirement?


Latest Guide

Guide to debt rehabilitation solutions