African Bank turnaround on track despite challenging environment
African Bank reported full year numbers to end September this morning showing its turnaround is on track two and a half years after resuscitating the imploded bank.
Interest rates
Rand strengthens as SARB hikes rates by 0.25% on inflation risks
The South African Reserve Bank increased its benchmark interest rate for the first time in more than two years as it sees inflation risks remaining elevated.
Brace yourself for higher interest rates to 2020 – Reserve Bank
The South African Reserve Bank sees higher interest rates in the next two years to help contain accelerating inflation.
🔒 Is the end of the US bull market nigh? – The Wall Street Journal
Yields on long-term U.S. government debt moved abruptly higher last week, calling into question the durability of the nine-year-old equity bull market.
🔒 Bad news for emerging markets as US raises interest rates again
That sucking sound you hear is the sound of capital being vacuumed up into the USA as the era of ultra-low interest rates draws to a close.
SARB holds key rate; paints gloomier outlook
SARB held its key interest rate at a two-year low as the economy struggles through a recession and policy makers warned that investor sentiment toward emerging markets is a risk to the currency and that inflation pressures are mounting.
Inflation slows to 4.9% as SARB mulls upcoming rates decision
South African policy makers may be about to consider whether to follow counterparts from Russia to Turkey and raise interest rates – even when the country is battling a recession.
🔒 SA under pressure to raise interest rates – world analysts
There’s an outside chance the South African Reserve Bank may raise interest rates on Thursday after the Rand slumped to a two-year low.
Be warned: Tough times ahead for emerging market currencies – analysis
The difficulties for emerging markets have entered a new phase. What were once clearly country-specific crises, well contained within their borders, are bleeding across the world.
Shave years off your bond: It’s all in the pre-purchase – Stealthy Wealth
Stealthy Wealthy, a blogger targeting financial freedom in 15 years, argues that we generally try max out on our bonds, and get the most one’s salary will allow. But by downsizing the bond from the outset, one can shave years off the length of the home loan.