The 50-basis point increase in the repo rate this week was another blow to consumers. Property owners in particular will be feeling the pressure after ten consecutive rate hikes over the last two years. The prime lending rate is now 11.75 percent.
But Better Bond CEO Carl Coetzee says the market remains upbeat despite the tough economic conditions. The cost of credit over the past 18 months has increased by about 60 percent,” he said.
“We must also remember, we come out of a very low interest rate cycle. We do we expect it to go up. I think the silver lining is we expect the interest rate cycle to be very close to the on the top end of it
Source: eNCA
In other news – Actress Mapaseka Koetle allegedly on romantic vacation with DJ Fresh – Photos
DJ Fresh, real name Thato Sikwane and Scandal! actress Mapaseka Koetle are allegedly on a romantic holiday, barely a few months after news of their alleged affair made rounds.
Taking to Instagram, Maphepha Ndaba revealed that the two are on a romantic holiday. The blog alleges that Pasi could not hold her excitement and took it to Instagram stories to let her followers have a sneak into her romantic holiday with DJ Fresh. Learn more
