Home Loans

Prime Interest Rate Remains Unchanged At 10%

Interest Rates were kept unchanged yesterday (22 July 2010), leaving the prime interest rate at 10%. The South African Reserve Bank has put the breaks on rate cutting in recent months. The last interest rate cut took place in March this year. In total interest rates have been slashed by 5.5% since December 2008. But, [...]

Prime Interest Rate Cut to 10% in March 2010

On March 25th, 2010 the South African Reserve Bank (SARB) cut interest rates by 0.5%.The prime rate moved from 10.5% to 10%. The Prime Interest Rate is used by the major banks on their home loan products. How Does This Interest Rate Cut Affect Your Pocket?

Interest Rates Remain unchanged, again.

Home Loan News: interest rates The South Africa Reserve Bank‘s monetary policy committee completed their first meeting of the year 2010, with an announcement from the new governor that interest rates will remain unchanged. The prime interest rate will remain at 10.5%; despite many calls for a cut in the lending rates. The Reserve Bank [...]

Rates are unchanged, but you can still lower your expenses

The South African Reserve Bank announced on Tuesday 22, September 2009 that interest rates will remain unchanged for the next few months, until the Monetary Policy Committee meets again later this year. If you are looking to buy a property soon, you may not find a better time than the present.

Prime Interest Rate remains unchanged at 11%

The South African Reserve Bank made a surprising decision today to keep interest rates unchanged. The general expectation was that the SARB would announce a 0.5% cut, but the inflation figures are clearly beginning to worry the Governor, Tito Mboweni.

Interest Rates cut to 11%

Home Loan Interest Rate News: Interest Rates cut to 11% The South African Reserve Bank (SARB) governor, Tito Mboweni, today announced a 1% drop in the repo rate from 8.5% to 7.5%. This is the fifth successive rate cut since Jun 08. The prime interest rate now drops to 11%. We last experienced interest rates [...]

Are local banks filling their own pockets first?

Why the reserve bank governor wants to meet with the major banks. An interesting trend is emerging that has sparked the interest of the South African Reserve Bank (SARB) governor, Tito Mboweni. The Reserve Bank has been rapidly cutting interest rates to stimulate economic growth and kick start the local property market.