Thursday, 11 December 2008

And The TREND begins!

South Africa's latest interest rate: 15%



The reserve bank issued a notice late this afternoon to say that the repo rate was dropping by 50 basis points...



I think a great move and hopefully a super trend.

We should see a nice decline by April 2009 of around 200 basis points I believe.


Anyways, the SA Reserve Bank Christmas gift to all South Africans.



WizardMan Out.

8 comments:

petro said...

Wonderful news, I am sure this will be a great relief to property investors.

Colin said...

You bet, it is great news for property investors, but guess what? Non are buying yet, only a few. I think the reality must still kick in. I am hoping that we will get a bigger cut in Feb 09, because 0.5% only helps about R400pm on R1mil of debt.

Free Asset Management and Asset Tracking said...

wow thats a crazy rate, as a property developer and investor i found that asset management and asset tracking applications like www.safeasset.org can really help make the paper work task easier to manage and best of all its in a secure location.

WizardMan said...

Thanks for the comment petro and thanks for the spammy comments colin and free asset management training :) but yeah...

0.5% is nothing you're right, I think a good 1% at least was needed.

Lets see, at leas we can order another Mcdonalds burger for lunch over Christmas now :)

putri-bali said...

it's nice pictures here. i like to see more, sometimes may i put on my

blog....?

commercial real estate said...

if that's continuous to happen...it will bring more life to real estate world...

Colin said...

Have your seen the PPI figures today? 12.6% and they estimate 0% by July 09. So that will bring inflation below 6%.

I think you need to up your 200bp WizardMan to 600bp by April 2009. :)

WizardMan said...

Colin i hope you're right man.
Lets keep our fingers crossed.

If it's 600 I'll eat my hat ;-)