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Rand gains but Inflation soars as Reserve Bank increases Interest rates

Reserve Bank Governor Lesetja Kganyago, on Thursday announced the Interest rate hike by 25 basis points to 4.25%. South Africa’s Reserve Bank monetary policy committee (MPC) has raised the interest rates by 25 basis points to 4.25%. This brings the prime rate to 7.75%. Reserve Bank Governor Lesetja Kganyago made the announcement during the briefing […]
Property industry braces for more interest rate increases

Tony Clarke, MD of the Rawson Property Group says the impact of the war on things like global supply chains, food production and fuel prices will inevitably put upward pressure on inflation in a number of countries, including South Africa. For the second time in a row this year, the South African Reserve Bank increased […]
Investment in MAS puts spring in Attacq’s distribution

Attacq Limited Ceo, Jackie van Niekerk says, the company has remained focused on delivering on the financial and operational strategy embedded last year. JSE-listed REIT Attacq Limited (JSE: ATT), which owns 80% of Mall of Africa, said a combination of factors had contributed to the positive turn of events. The group, on Tuesday announced its […]