- Some 600 people have been evacuated from their homes in the old city of Frankfurt so ...
- The Competition Commission is investigating the removal of certain brands of locally-...
- South African police said on Sunday they had found 167 rhino horns believed to be des...
- The only known female member of one of the world's rarest turtle species has died at ...
- Afrikaans Sunday newspaper Rapport has apologised for publishing accusations of se...
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Buy while rates are low
Industry players urge prospective homeowners to take advantage of buyers’ market and unchanged interest costs.
South Africans are resilient and have become accustomed to the blows of economic struggles and political uncertainty, so when we get a lifeline, no matter how short, we graciously accept it.
The latest reprieve is the announcement that the repo and interest rates will remain unchanged. Moody’s decision to hold off on publishing the country’s new credit rating is welcome news for prospective property buyers, but if they are serious about owning a home, they will need to make a move, and fast.
The repo rate will stay at 6.75% and the interest rate at 10.25%, and ultimately means there will be no increases in home loan and car instalments, or personal loan, credit card, and store account repayments until at least after the May general election, says Rudi Botha, chief executive of bond originator BetterBond.
Household expenditure is currently declining so static interest rates are needed to support growth and offset petrol and electricity tariff increases, he says.Â
“Stable rates will hopefully also encourage existing homeowners to pay more than the minimum home loan instalment every month and get their properties paid off in far less than 20 years.”
Business
Cannabis retailers should prepare themselves for a minimum doubling of sales on April 20, the stoner’s Fourth of July, according to new data.The origins of 4/20 are obscure, but the most common story is about a group of 1970s high-school students who’d meet...
Read More...Facebook suffered its third major outage this year, with users across the world unable to access the social network or its suite of services such as Facebook Messenger, Instagram and WhatsApp.In late January, the Instagram app crashed, and WhatsApp users worldwide...
Read More...Politics
The ANC's National Executive Committee is unlikely to adopt a report by the party's integrity commission which red-flagged at least two of the top senior officials as problematic candidates on the organisation's, NEC sources have told News24. News24 understands...
Read More...ANC veterans have spoken out on the "outrageous utterances" of Ace Magashule, ANC secretary general, in Philippi in the Western Cape on Saturday, "inciting ANC supporters to exercise their vote in a racist way", calling it completely unacceptable.In an address...
Read More...Sports
Cape Town - Bafana Bafana captain Thulani Hlatshwayosays that he is happy with the draw for the upcoming 2019 Africa Cup of Nations (AFCON).Following Friday’s draw, the South Africans are being tasked with taking on former winners Ivory Coast and Morocco,...
Read More...Augusta - Tiger Woods finally showed his children why their father kept fighting through pain trying to swing golf clubs, his victory on Sunday at the Masters literally a win for all ages.Woods captured his 15th major title, and first since the 2008 US Open,...
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Hundreds evacuated in Frankfurt so WWII bomb can be defused Some 600 people have been evacuated from their homes in the old city...
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Competition Commission probes removal of cigarette brands from Spar The Competition Commission is investigating the removal of certain...
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