So with SA consumer inflation raising by 0.3% from June to July a lot of pressure is being put on the SA Reserve Bank to drop interest rates and curb the rising inflation.
This is great news for those buying a home and looking for a mortgage or home loan, but bad news for those wanting to save.
Take the elder for example they seem to live off the interest from investments and this will smack them hardest. The younger folk are OK but as the balance of Old versus young swings and people are living longer it seems like those inflationary measures are now no longer working and the drop of interest rates do not tend to increase spending as before.
So those who want to buy and invest into SA may want to make free money transfers to SA and benefit from a better rate and those who want to save, finance a property as a syndication or family group and speak to your best mortgage and financial planner.