The official interest rate is the repo rate.

While the world shutters many factories due to zero demand – they will look all over for countries like RSA for building cars – with a ZAR and the MIDP we could be the car producing choice for the next 5-10 years by default – our mines and secondary industries that the motor and mining industries support can assist in mopping up the hideous job losses – even maybe employing more than was lost at better ZAR and USD equivalent salaries, assisting in kick starting our demand side economy again locally – to me this is the best stimulus available to SA at the moment – we are one of the luckiest countries on the planet to have the massive export industry we do, with almost unlimited growth potential – ESKOM willing.I would also refuse an IMF bailout as that would kill us with the attached austerity measures – we do not need it, we have the pensions funds if we absolutely must, but rather masters of our own destiny than controlled like puppets from Brusssels.I’ll just extract two of your jokes. Both the supply and demand effects of this extension reduce growth and deepen it in the short term, as businesses stay shut for longer and households with income spend less,” said Kganyago.“This will likely also increase job losses, with further consequences for aggregate demand. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. The ANC is corrupt to the core. These idiots are punishing savers and pensioners who rely partially on savings via fixed deposits to generate some passive income. The bank reiterated that monetary policy cannot on its own improve the potential growth or reduce fiscal risks and urged the government to implement prudent macroeconomic policies. Interest rates One can also sell a currency index far removed from anywhere in Africa.

So far my return is over 75% in Rand terms on my Kruger Rand purchases through FNB.

During the 1990s borrowing in Yen @0.5% and investing in US$ Treasuries @5% was a great carry trade. They are counted on top of the 50%Even the guy selling the newspaper knows about the ZAR 10 million allowance etc.I am in daily contact with a couple of old FX colleagues etc. Gauteng has 183,789 recoveries. The CEO of the world's largest advertising group has ignited a storm with an apparently ageist comment.

All Rights Reserved (Not that I want to boast).

We are fighting survival at the moment and to stretch our money on basic needs and not pushing margins with our customers. The SARB is not quoting expected job losses, but it does not take a rocket scientist to anticipate that they will likely be upwards of 1,5 million. However, at its recent Monetary Policy Review meeting, the bank noted that up to 370 000 jobs could be lost as a result of the initial 21-day lockdown alone.Meanwhile, following today’s repo rate cut, the rand lost more than 1% against the US dollar. The prescribed rate of interest has been changed with effect from 1 May 2020 to 8.75% per annum. South African Reserve Bank Governer, Lesetja Kganyago, has announced the bank's latest decision on interest rates for the country.The Reserve Bank will be cutting interest rates by 50 basis points, taking the repo rate to 3.75% per annum.

By continuing to use our website, we assume you are okay with it. Shaun-Nick Bester has described in detail how his father, former Comrades champion Nick Bester, was attacked and left with serious...Former Comrades champion Nick Bester is in ICU after being attacked while training in the Magalies mountains near his house.Khabazela shares some of the videos that went viral on Twitter and Facebook.Khabazela shares some of the videos that went viral on Twitter and Facebook.Khabazela shares some of the videos that went viral on Twitter and Facebook.The number of national recoveries so far is 549,993, which translates to a recovery rate of 87%.

Last month’s survey had suggested 0.3% and 1.2% expansions, respectively.The forecasts showed huge levels of uncertainty due to a Base effects may play a role next year, with the most optimistic economist forecasting growth of 5.1%, but some respondents said the lockdown would make it costly and difficult to bring the economy back to normality.With consumers staying home and global oil prices falling sharply, inflation forecasts were also cut.

Even though the SARB Governor Lesetja Kganyago announced the decision to cut the Reserve Bank’s repo rate to 3.75% on May 21, African Bank still continued to offer 10.75% interest rate per annum for a five-year fixed deposit.

The Reserve bank has cut interest rates by another 50 basis points.

Joanne Joseph explored this in more detail with CEO of Grey Africa and advertising expert, Fran Luckin.CSA in major power play as annual general meeting hangs in the balance. Policymakers said that investment, exports and imports will likely fall sharply and job losses are projected to rise even if lockdown restrictions are relaxed further in the coming months. What does this mean for the ordinary South African? South African Forex controls are like a leaky sieve. The South Africa Reserve Bank slashed its key repo rate by 25bps to a new all-time low of 3.50% on July 23rd 2020, as widely expected. Bond rates have been rising which is a signal to raise interest rates not lower them. South Africa now has to export more to maintain the same level of imports.

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