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 [...]

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 [...]