[David Crosoer] The South African Reserve Bank (SARB) expects CPI inflation to average 6.3% in the third quarter of 2013, before returning to the targeted 3% to 6% band in the fourth quarter. In the previous two inflation cycles (see chart below), the SARB started to increase interest rates when inflation exceeded 5%.
[Heinrich Louw] The National Treasury (Treasury) and the South African Revenue Service (SARS) recently released certain proposed limitations on excessive interest deductions for public comment.
[Kelly Marsh] If you have good amount of savings, you would often think of earning something from it. This can mostly only be possible when you invest your money in an appropriate company. Whether you invest in a family business or some other place to make profits, make sure you do some research before you take the plunge.
[Boitumelo Mothoagae] Most people go through life reacting to their financial needs rather than planning for them. This means that they are always playing catch up and, in most instances, find that they have to go into debt just to get by. By having a financial plan that adapts with your needs you will remain in control of your money and your destiny.
[Tendani Mantshimuli] The South African Reserve Bank Monetary Policy Committee (MPC) met in July to discuss the economic data available to them in order to make an interest rate decision. The bank decided to leave rates unchanged with the repo rate at 5.5% and the prime overdraft rate at 9.00%.
[Tendani Mantshimuli] Indicators to watch in the year ahead include; a possible global recession, rand and rising prices and what will happen to interest rates.
[Tendani Mantshimuli] The SARB MPC meeting started on Tuesday afternoon (27 March 2012) and the results are expected this afternoon. A week or so ago, the governor created a stir in the market with some remarks that she made regarding inflation.
[Tendani Mantshimuli] The final months of 2012 held a glimmer of positive news for the South African economy but there are still serious concerns for policymakers.
[Gianmarco Lorenzi] With the Protection of Personal Information Bill (POPI) expected to be promulgated this year, the focus on protection of consumers' personal information is becoming increasingly important for the local banking sector, which handles and stores thousands of clients' personal information on a daily basis.
[Samantha Matthew] "You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was uncertain on 10 September, 2001. It was uncertain on 18 October, 1987, you just didn't know it." Warren Buffett.
[Warwick Scott-Rodger] Google's driverless car has now clocked more than 300 000 miles without a single accident whilst under the computer's control, raising the possibility of a future of driverless vehicles. Should such technology be widely adopted in South Africa it could also be the answer to reducing the high number of road accidents and may even result in reduced insurance premiums.
[Michelle Dickens] There are 19.69 million active credit consumers, of which 53.1% are considered to be in good standing. The number of consumers with impaired credit records has slowly been deteriorating from only 37.7% (in late 2007) to the current level of 46.9%.
[Craig Featherby] Expats who spend some of the year in the UK need to reconsider the way they define their tax residency status from April 2013, when new residency tests come into force.
[Will Smith] Is it your hobby to buy and collect exquisite pieces of art? Art collecting is something that a lot of art enthusiasts pride themselves with because aside from being really beautiful, the art pieces have high value. From well-known to less celebrated artists, their artworks cost a lot of money. Sometimes, owners forget about the meaning or how expensive the art piece is until something awful has happened to it.
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