SARB moves to scrap prime rate as loan reference benchmark
The central bank’s consultation paper outlines a structured transition to policy-rate-based lending, with fallback protections for legacy contracts.
Loans
What phasing out the prime lending rate means for consumers
The shift from prime to a repo-plus model won’t cut your debt overnight, but it promises more transparent lending.
South Africans were R1.23 trillion poorer in the second quarter
An increase of R39 billion in the value of household debt and a decrease of R1.19 trillion in the value of household assets saw South Africans’ wealth (expressed in current prices) decrease by […]
Tax implications of property transactions involving non-residents
There are no restrictions on tax non-residents acquiring and selling immovable property in South Africa. However, buyers and sellers should be aware of the tax requirements when property is sold to non-residents. In […]
Tribunal upholds JSE directive that Trustco must restate its financial results
The Financial Services Tribunal has upheld the JSE’s directive that Namibia-based Trustco must restate its financial statements for the year to 31 March 2019 and its interim results to 30 September 2019, because […]
Tribunal upholds JSE directive that Trustco must restate its financial results
The Financial Services Tribunal has upheld the JSE’s directive that Namibia-based Trustco must restate its financial statements for the year to 31 March 2019 and its interim results to 30 September 2019, because […]
Consumer optimism wanes as pandemic continues to weigh on incomes
Twenty-six percent of South Africans expect they will invest more or increase their retirement fund contributions over the next three months, while the same percentage say they will invest and contribute less, if […]
The lowdown on pension-backed home loans – Guidance on access for your clients
Amid house prizes going down and interest rates at a real low, many individuals might consider buying their first home, or scaling up or down. This relates to finding a property, making an […]
