Inflation and Interest Rates

Stay in-the-know about inflation and interest rates so you can adjust your budget accordingly.

Groceries

Tips for Saving on Groceries as Prices Soar

As the cost of groceries soars, South Africans are turning to cheaper, unhealthier foods, as well as buying groceries on credit simply to survive. Having monitored food prices since 2006, the Pietermaritzburg Agency for Community Social Action (Pacsa) found this to be the case.

The soaring price of groceries is having an adverse effect on the health and diets of South Africans, warned the Heart and Stroke Foundation of South Africa. Christelle Crickmore of the Foundation said, Continue reading

NDA | SOS

Prepare to Pay Higher Interest Rates This Christmas!

Sarb Ups the Ante

Yesterday, 19th November 2015, interest rates were hiked by 0.25%, by the South African Reserve Bank’s (Sarb) monetary policy committee (MPC). As a result, credit users and over-indebted consumers can anticipate a tight, stark Christmas 2015 and New Year 2016.

The repo rate now stands at 6.25% and the prime lending rate at 9.75% announced Lesetja Kganyago, the governor of Sarb on Thursday. Continue reading