SA households buckle under interest rate pain, but banks continue to gain. Can it last? | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 80%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Consumers are now paying higher interest rates than before the pandemic, putting the question of debt repayment affordability in the spotlight. | News24_Business

Runaway food and fuel prices along with rocketing interest rates – as central banks tried to curtail inflation – hit households hard.

In South Africa, the prime interest rate was hiked from 7.00% in November 2021 to 10.75% - increasing the monthly repayment on a new R2 million home loan by almost R5 000 in this time. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

_Business SA citizens are forced to live in debt. The entire system sucks (Chicago economics at work)

_Business The poor do not eat inflation targeting. Only out-of-touch-with-reality bookish blacks like mykhails eat inflation targeting, that’s why they support it

_Business That is okay. The pandemic is over

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 4. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Tongaat Hulett CEO Gavin Hudson resigns, business rescue plan is delayed | BusinessThe release of a business rescue plan for embattled sugar producer Tongaat Hulett has been pushed by a month until the end of February, when CEO Gavin Hudson will also leave the firm after just over four years in the job. | News24_Business _Business Easy solution ask young Johan Rupert to help
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »

These young robotics wizards are on a mission to provide limbs to the disabled | BusinessIn the suburbs of Kikuyu in Kenya's Kiambu County, 29-year-old Moses Kiuna and his cousin David Gathu are fiddling with wires and electric cables in their workshop, their grandmothers' former granary. | News24_Business _Business At last I bravely gave a try after a Friend recommended Mathilda, month ago i invested a min R6k been a jobless hustler, but i literally can't tell of how happy i am right after a profit return of R21k not much of it but surely it worth it, hit her up for startup Mathildanewtoon
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »

ChatGPT is testing a paid version — here's what that means for free users | Business InsiderAs OpenAI moves toward charging for more sophisticated versions of its popular ChatGPT bot, users may wonder how much longer they can count on it staying free. | BISouthAfrica
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »