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:

Anonymous said...

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

Anonymous 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.

Anonymous 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.

Steven Green 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 :)

Anonymous said...

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

blog....?

Anonymous said...

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

Anonymous 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. :)

Steven Green said...

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

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