Governor Gill Marcus presented everyone paying either a mortgage loan or car loan with some great news yesterday , the MPC has cut the repo rate by 50 basis points (0.5%) reducing the rate to 6.5%.  The move was generally unexpected and took [...]

Everyone is holding thumbs that lower interest rates and optimism surrounding 2010 will help boost the local motor industry during 2010;
SOUTH AFRICA: NEW CAR SALES UP 20% IN JANUARY… physique NAAMSA uncover which a automobile marketplace grew by 15.5% year-on-year in January, yet a organization warned which Jan final year was unusually [...]

We survey the blogosphere to see what others are predicting for interest rates during 2010 ;
Lower Interest Rates Will Revitalise Property Market By 2010
In 2009, the direction of the property market is largely defined by what is happening globally as well as politically in South Africa.With the introduction of the National  Credit Act as well [...]

After a bad year for the property market many experts are predicting that 2010 will be a good year for the South African property market.
I have rounded up some of the best mortgage loan stories from the web and the blogosphere , especially those that be relevant to the South African mortgage market.
Nedbank [...]

Absa’s House Price Index confirms that house prices are still very weak in 2009 , however their analysts believe that the property market should start inproving during early 2010. According to the study for the period to June 2009 , house prices declined by 4.4% year on year and adjusted for inflation the real decline [...]

Good news for consumers and anyone with debt , the Monetary Poilicy Committee (MPC) of the South African Reserve Bank (SARB) cut the Repo rate by 100 basis point. This is pretty much in line with what the markets were expecting and equities and the Rand all responded well to this positive news.
Reserve Bank Governor [...]

Moneyweb reports that Standard Bank has said that 2009 appears to be tougher than expected , with bad debts increasing , volumes significantly lower and fraudulent activity on the increase.
According to Sim Tshabala Deputy CEO , they expect bad debts to continue increasing throughout 2009 with stability coming to the market during 2009. Standard Bank [...]

Sales data released by the National Association of Automotive Manufacturers of South Africa(NAAMSA) confirms that South Africa is in a economic slowdown. Vehicle sales have long been a leading indicator and Economists watch these numbers for any sign that the bottom has been reached. Vehicle sales have been negative since the introduction of the National [...]

Troubling times for property owners and mortgage payers with the latest property news from FNB and ABSA confirming the gloomy sentiment gripping the property market. According to the FNB Houseprice Index  , house prices are at their  December 2006 level effectively wiping out over two years of property growth. ABSA maintains that this is the [...]