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Video: Pay back that payment holiday

Video: Pay back that payment holiday

We've seen many financial institutions offer their customers a debt payment holiday during these trying times. And while it may seem like a welcome relief, be careful because it might end up costing you a lot more than you realize. According to the...

Q&A: Interest rates

Q&A: Interest rates

We’ve had significant cuts in the interest rate this year. On 1 January 2020, the prime interest rate was 10%, and as of 22 May, it had been reduced to 7.25%. The current repo rate of 3.75% is the lowest it's been for almost 47 years. So it's not...

Listen: Beware the payment-holiday trap

Listen: Beware the payment-holiday trap

Payment holidays are a lot like real holidays – they end up costing more than you realise. In this podcast, Maya (@mayaonmoney) and Mapalo (@womanandfinance) look at the costs of debt-payment holidays and how to get back on track after taking one.

Unpacking interest rates

Unpacking interest rates

Last month, the South African Reserve Bank cut rates by 100 basis points and this led to many questions about the mechanism of interest rates. We unpack how interest rates work both for borrowers and savers. What is the difference between the repo...

Maya Fisher-French author of Money Questions Answered

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