RATES RATES RATES So what is next??

An unpopular move - so methinks!!

South Africa’s reserve bank kept its interest rate unchanged recently and now comes decision time again, up, down, sideways, who knows, whatever the decision is there were many members of the Monetary Policy Committee who called for a rate cut.  So what's next.

Consumer spending remains low - so a move is needed.




Electricity costs are ready for a spike and....


Electricity price increases are the “single biggest risk to the inflation outlook,” Governor(ess) Jill Marcus of SA Reserve bank said. Eskom Holdings Ltd., the state-owned power utility, has proposed raising prices by 35 percent a year over the next three years. That will probably boost the inflation rate by 0.3 percentage points each year, according to the South African Chamber of Commerce and Industry. Shame on you Eskom.

This is shocking!!!!!!!


So, at least the Rand has strengthened in areas - thats good.  Cosatu and the Unions want to Unionise the SA Reserve Bank and and and Good, Bad, well depends where you are looking from.
 
Whatever happens, we believe a 0.5% rate drop will stimulate the lending banks to drop their rates, offer a relief for us on the streets so that we can spend not on luxuries but simple basics and remove the 2009 blues for the rest of the year.  We have 2010 World Cup around the corner, a boost now will definitely kick off as the whistle blows!  Go Bafana (2010 World Champs...I may dream)

Interest rates in South Africa - possible insight from Std Bank

Speculation is mounting that another rate cut is in the pipeline. Markets will be critically assessing economic data releases ahead of the next rate decision on 25 March.

Given the generous degree of monetary policy accommodation in the system, our econometric analysis suggests that the data will have to be extraordinarily weak to augment the case for another interest rate cut.

Probabilities of a rate cut are estimated for a range of indicators and their outcomes ahead of the next MPC meeting. We also flag the risk of pipeline price pressures that may arise as a result of the change in the inventory cycle and concomitant availability of credit within a loose policy environment.

The Finance Minister will also address inflation targeting next week. In all likelihood, inflation targeting will remain the status quo.

Kind of liked this new idea for Wildlife on my doorstep

I was very excited to hear that , Hunters Pride is situated in the Pride of Africa Nature Reserve situated within the Dinokeng Big Five Game Reserve in pristine Malaria free bush veldt which is only 45 km north of Pretoria and 100 km from OR Tambo International Airport.

 - what makes this exciting is that 18,000ha is being expanded to 30,000 hectares and allows for free ranging game back on our doorstep and starts allowing everyone to turn these conservancies into the natural migrationary patterns of our game - I like this big time.

Now it may not be everyone's cup of tea to buy something else but it must surely interest you to know that the conservation boys and developers and Blue IQ are all working towards bigger things for our game, tourism and of course for the future.  Nice stuff

If you are interested to Become Human again - return to Nature.


Barry Scott-Brown

+27 (0)82 777 2552


well done guys!!!!

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This is an awesome service and the way to move your hard earned money between countries, whether its for pleasure or for paying an international mortgage monthly - you always save.

So NEDBANK asking once only

Nedbank, my favourite green bank in SA, have informed clients that

“all clients will receive quarterly statements in accordance with the NCA requirements”.

Is this new ruling convenient for me the client?

A monthly statement definitely suits my needs better but I will have to deal with that, anyway.

I assume that the R39.90 admin fee will also be a quarterly charge and not a monthly one.

If this is the case then I am happy to oblige as this will be a saving of R79.80 per quarter, why not?

If I do not get the saving then Nedbank is the only one winning. - So will we score on bank fees or is this just another way to make more money from us.

Nevertheless, I expect a substantial decrease in my monthly admin fee. Come on NEDBANK show us your green savings plan.