Reserve Bank cuts repo rate thanks to lower inflation, stronger rand

By: Alfred0 comments

Despite most economists believing that the Reserve Bank would leave the repo rate unchanged at 7.50%, the MPC decided on a cut.

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Repo rate cut offers no shelter from Budget 3.0 fallout for consumers

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Thursday’s repo rate cut is unlikely to bring much relief to cash-strapped consumers, as any savings will be offset by the rising fuel levy eating into their income.

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Consumer Goods Council calls for urgent expansion of zero-rated foods

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Only low-income consumers will understand the difference a few rands make if more food items are Vat zero-rated.

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Household food basket shows food prices still increasing

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While interest rates and fuel prices, as well as inflation, are lower, the picture for low-income consumers has not changed.

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Three financial literacy truths I wish I knew at 20

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Steven Amey, head of intermediated distribution at Ashburton Investments, says he wishes his financial literacy was better when he was younger.

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Your money, your rules – these are your banking rights

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Your banking rights are protected by the Code of Banking Practice compiled by the Financial Sector Conduct Authority.

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Think life insurance is something for your 40s? Your future self might want a word

By: Alfred0 comments

Lower premiums are one of the benefits of getting a life insurance policy and income protection when you are young and less of a risk.

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What happens to your pension fund when you pass away?

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Regardless of what you stipulate in your will, your pension fund money will be distributed according to the kind of fund and its rules.

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Should I continue paying extra towards my debt or start an emergency fund?

By: Alfred0 comments

You don’t need to pick just one. A balanced approach can give you the best of both worlds. Here’s how to approach this …

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I’ve been advised to invest R3m in Peregrine Capital’s high-yield fund. Should I?

By: Alfred0 comments

This investment would represent a significant portion of your liquid assets and could expose you to concentration risk. Here’s what to consider as well as alternatives …

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