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LATEST NEWS
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August 2009 |
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The interest rate has been cut. Justmoney looks at what
that will save you on your homeloan
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The latest cut by the Reserve Bank in the interest rate by 50 basis points or 0.5%
was announced on Thursday the 13th of August 2009. As a policy of inflation targeting
is followed by the Reserve Bank interest rates had gone sky high to get inflation
under control.
Read More |
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July 2009 |
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Recession drags South Africa's house prices down |
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Homes continue to shed value this year, but the residential market expected to improve
early 2010. New stats
for small, medium, large houses.
Read More |
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June 2009 |
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Banks, analysts slam mboweni decision
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Cost of borrowing is still too high, though some say banks are to blame. Property
experts assess decision to leave interest rates on hold. The Monetary Policy Committee
(MPC) on Thursday announced that repo rate will remain unchanged at 7.5% while prime
rate stays at 11%.
Read More
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May 2009 |
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Debt counselling will grow by at least 300%
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Large commercial banks are throttling the economy while the housing market threatens
to collapse and millions of consumers are in debt, debt counsellors Consumer Assist
said on Tuesday.
Read More
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April 2009 |
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Mortgage numbers “lowest in 6 years” |
More evidence economic woes are taking a heavy toll in the property industry. Stats,
graphs...
The latest data on mortgage advances released by the South African Reserve Bank
indicates a further slowdown in the year-on-year growth rate to a level of 11,3%
in March 2009, says Absa’s Jacques du Toit.
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March 2009 |
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Percentage of consumers in good credit slips to 59.5% |
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The percentage of consumers in good credit standing decreased from 60,4% in June
2008 to 59,5% in September 2008, according to a recent information bulletin based
on information from the credit bureaux and issued by the National Credit Regulator
(NCR).
Read More
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February 2009 |
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Investigate below the surface |
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Buying a home is risky business. After a lengthy search, you have found the perfect
house in the right suburb but neglected to investigate what lies beneath the surface.
Sellers in
South Africa
hide behind the ‘voetstoots’ clause and can get away with a myriad of undetected
defects.
Read More |
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January 2009 |
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Economy Faces Tough Times - January 2009
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SA’s economy faces a rough ride this year, with job losses set to keep consumer
spending in check and a slowdown in private investment likely to gather momentum.
Read More
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