If you have a R 500,000.00 mortgage you save a minimum of R 168.79 per month and thats a whopping R 40,509.60 over the 20 years - the price of a second hand car.
Thank you Gill you are on the Marc(us)
Market Update - GBP / ZAR - what do the UK Forex boys say!!!
The South African Reserve Bank cut interest rates yesterday in a move designed to slow down the rapid appreciation of the Rand. Moving rates down to 6.5% the bank expressed concerns that the currency's strength may hinder exports and derail the fragile economic recovery. At 6.5% the Rand remains one of the highest yielding currencies, and has benefitted from strong investor risk appetite and low yields elsewhere (just 0.5% in the UK for example).
Now what do you say!!
2 comments:
Hi,
Thank you for an interesting article.
Regards,
Mike Bridges
Property Express CRM
Thanks!
For the great and informative post on Home Loan.
http://www.financemate.co.uk/
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