Despite Stats SA announcing that Consumer Price Inflation (CPI) decelerated from 7% year-on-year in February to 6.3% in March, food costs in March were nearly 10% higher than in March 2015. The reduction in CPI for March is largely due to a 5% petrol price cut, and, although welcome, is unfortunately probably not the start [Click to continue …]
Access your bond or apply for a loan?
With the dismal economy applying financial pressure on consumers, many might find themselves in a pinch, needing to access money for short term relief. A personal loan can provide a quick fix but the interest rate will be exorbitant. A lot has been said about accessing money from your bond, what are the pros and [Click to continue …]
Property market under pressure due to drought and economic instability
The devastating drought and depreciating rand are twin terrors for the residential property market, especially for homes in lower income communities. The drought will cause food prices to surge, especially since replacement imported products will have to be paid for with our weak currency. Higher food prices will mean lower disposable incomes for buyers, reducing [Click to continue …]
Online property market shows major growth
OLX, the world’s leading classifieds platform for emerging markets, recently released data revealing that an increasing number of home owners seem to be looking for a more cost-effective way of buying and selling property. The stats highlight how property listings on their South African portal have shown solid growth over recent months, with some platforms [Click to continue …]
