South Africa Reserve Bank hikes interest rates by 50bps

South African Reserve Bank (SARB) Governor Lesetja Kganyago on Thursday announced a 50 basis-point increase in the repo rate to 6.75%, in line with the consensus. This is positive news for savers, but those with debt, home and car loans will have to pay more.

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From: CNBCAfrica

Related topics : home loan interest rate south africa / car bank loan interest rate / bank loan interest rates

SA Home Loans #TweetDreams offers a unique prize

In March 2015, SA Home Loans ran a unique competition where people were invited to win a reduced interest rate on their bond for a year, simply by tweeting their dreams with the hashtag #TweetDreams on our Twitter page. Every tweet lowered the interest rate from its starting point of 9.25%, dropping as low as 0% - which is what happened in the second week of the campaign, with one client winning 0% on their bond for a year.

This innovative campaign was a first in South Africa, winning us a...

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From: SA Home Loans

Related topics : home loan interest rate south africa

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