Tag - interest rate

Making sense of interest rates

Last week, consumers received good news from the South African Reserve Bank (SARB) that the repo interest rate would be kept at 5.75%, which means that the retail rate at which consumers are offered credit, would stay at 9.25%. Absa provided this useful infographic Click on the infographic below for the full-size graphic.  

Settle your mortgage or invest the capital?

By Ferdi Booysen, Head of Strategic Relationships at Old Mutual Wealth The higher interest-rate cycle begs the question: is it currently better to use your investable funds to pay off your mortgage or to add to your retirement savings? Recent interest-rate hikes – and predictions that these are to rise further – make the returns you earn on...

Buying a car in December

By Nicholas Nkosi, Head of Vehicle and Asset Finance – Personal Markets, at Standard Bank It is natural to think about the joys of starting the New Year in your dream car when your bank account is filled with an end-of-year bonus. However, is it advisable to buy a brand new or pre-owned car during the festive season? The answer is yes – as long as...

Are loans a good investment?

Last month we wrote about the growing global phenomenon of peer-to-peer social lending, which links borrowers and lenders directly, bypassing banks and their fees. RainFin, which was the first peer-to-peer online lending platform in South Africa, announced recently that after being in the market for two years they are now listing around 18 new...