Reserve Bank gets all 2.0

By Staff Writer

The South African Reserve Bank has caught up with the internet and is now offering a webcast of its MPC meetings. MPC meetings are, let's face it, deathly dull. No-one except real finance geeks would watch it if it wasn't for the fact that the decisions of the MPC have such far reaching effects on us. The MPC sets the interest rate and that sets how much our credit costs us. Some of the things that can be affected by a change in the interest rate are:

 

 

Now when the MPC changes the interest rate and they are expected to again this week, then there may be savings for you in the three things mentioned above. However these savings are not always passed on to the consumer and it is always a good idea to check with experts and see if there can be a reduction in what you pay and how you can get it. Often you will have to ask for the newer better rate, but as the interest rate goes down it costs the banks less to borrow money from the Reserve Bank and these savings should be passed onto you the consumer.

The interesting thing for Justmoney is the live webcast aspect the SARB has introduced, it may not have the greatest layout, and it may not be especially alternative browser friendly but the Bank is trying to get with the future and bring a bit of 2.0 to the MPC at SARB. You can watch live streaming financial dullness right on your own screen. A perfect way to spend Thursday afternoon, especially if you have a homeloan, a credit card or a short term loan. That said finance geeks like us here at Justmoney we look forward to the MPC meetings and always watch Uncle Tito lay it down, so why don't you join us Thursday 25th June at 3pm for the live webcast.

Recent Articles

Featured Register your customary marriage or lose the right to inherit estate

December is that time of the year when we will see at least one suitor sending his uncles to negotiate the price of his future wife. Lobola, as the bride price is known, has always been an important element of the African marriage.

Read more

Changing from one medical scheme to another - effortlessly

It is coming up to the end of the year and you might be looking to change medical schemes, or options within a scheme in preparation for the new year. While you don’t necessarily have to wait for year-end to do so, providers often recommend it.

Read more

Your guide to financially surviving Christmas

There are a few times each year where you need to dig deeper into your pocket and spend more money such as birthdays, anniversaries, and the Christmas period. Whether you celebrate this religious holiday or not, the festive period - depending on how you choose to spend it - means increased travelling, buying of gifts, entertaining, and eating out at restaurants.


Read more

Trump, Trump and a little bit of South Africa

What a November we had, with the rand staging one of its best months and closing below the R14.00 level. To be honest, this looked like quite a far-fetched possibility at one stage during the month. It seems that the tide has changed a little, even though it might be short lived since the US dollar bulls are not so sure of their case anymore.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Free iCollege Scholarship

Price: R600
When: Until 16 May 2019
Where: Nationwide

Telkom December Big Deal

Price: R459 pm
When: Until 31 December
Where: Nationwide

Money Savvy Kids Giveaway

Price: R450
When: 8 December
Where: Johannesburg (Milpark)