Thursday, 10 April 2008

S.A. Slapped Again!

It's seems my predictions in my post 30 minutes ago were WRONG!!!

Another interest rate hike has slapped us on the rear! Tito Mboweni announced that the reserve bank was to raise the repo rate by 50 basis points to 11.5% thereby increasing South Africa's interest rate to 15%.

Not all bad news though! For those of you putting in a little extra every month, the interest you earn on your money has just been raised by another .5%.

South Africa's Current Interest Rate is now 15%.


Anonymous said...

Firstly thanks for keeping us updated on the S.A interest rates. It's such a sad thing to say but South Africa's current interest rate problem is not getting better. I really started thinking you were right and our interest rate in South Africa would not rise again but alas it did.

Oh well, lets see how things go.

Anonymous said...

There is a saying that one mans meat is another mans poison. if you have the cash this is where you will pick up pressure sales!

Anonymous said...

Slapped us on the rear. I would not say that. I would rather say "Smacked us in the teeth"

Investors bring it on.