Mortgage rate at its lowest level since mid-1974
Customers who are uninsured or underinsured should use savings to reinsure their assets - The cut in interest rates is a welcome development and will provide further relief to many consumers still...
View ArticleAbsa urges customers to be vigilant against potential fraudsters
Register for Absa's NotifyMe service - With the silly season fast approaching, Absa urges customers to take the necessary precautions and avoid becoming unsuspecting victims as fraudsters intensify...
View ArticleRate cut ushers further relief for consumers
But any surplus cash created by the rate cut should go towards servicing debt - Today's cut in interest rates by 50 basis points, as announced by the Monetary Policy Committee of the South African...
View ArticleInterest rates to remain unchanged
No further stimulus for the economy can be expected from the interest rate front - Although the SA Reserve Bank's Monetary Policy Committee (MPC) decided to leave interest rates unchanged at their...
View ArticleMoney grows on the tree of patience
South Africa's household debt to disposable income ratio at 78% - South Africa's household debt to disposable income ratio - standing at staggering high of 78% - is a clear indication that a strong...
View ArticleAbsa witnesses sustained growth recording R12.6bln personal loans book
A growing trend of borrowers who are particularly tapping into low value loans - Absa, South Africa's leading bank, says that despite volatile economic conditions, its personal loan book has grown...
View ArticleMPC rates decision
Consumers must utilise any excess income to consolidate existing debt - In the final Monetary Policy Committee (MPC) meeting for the year, the MPC, has left interest rates unchanged.
View ArticleAbsa highlights financial inclusion as key to higher savings
Sponsor of the 6th African Microfinance Conference taking place in Durban this week - The bank uses banking technology to expand financial inclusion for a greater savings pool with over 4 million...
View ArticleAbsa launches its first easily accessible protected investment products in...
Protected investment products now available via Momentum Wealth Platform - The corporate and investment banking division of Absa Bank Limited, member of Barclays, is making structured commodity and...
View ArticleWhat would happen should your happy, yet, unrecognised union, end in heartbreak?
There are no winners when it comes to financial disagreements - It's that special time of year when love is in the air. For many lovebirds, this means romantic dinners, whispered sweet nothings and a...
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