Latest News & Developments
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Discovery Bank launches AI-driven security features to disrupt South Africa’s banking sector
Discovery Bank has launched a suite of innovative AI-powered tools and security features, aiming to disrupt South Africa's traditional banking giants. With over 2. 5 million accounts, how will this newcomer reshape the banking landscape?"
The Great South African Homeowners' Heist: How the banks robbed us blind
For decades, South African homeowners have been victims of a monumental deception by banks. Discover how financial institutions have manipulated trust and exploited borrowers under the guise of lending.
How the Reserve Bank's interest rate decision affects you and your home loan
Ahead of the interest rate decision on March 20, 2025, the spotlight is on the significant relationship between interest rates and home loans.
Nightmare in Northcliff: Family trapped in their own home as former owner refuses to leave and even moves in 'back up'
The South Gauteng High Court in Johannesburg ordered a woman to vacate her former home after years of resistance.
First-time homebuyers likely to drive property market recovery this year
Richard Gray, CEO of Harcourts South Africa, said a recovering economy often stimulates property demand, making it an ideal environment for both buyers and sellers.
South Africa prepares for interest rate cut amid uncertainty from Trump’s presidency
Roets said that Bloomberg Economics suggests we may see a 50-basis-point reduction by March.
This is how you can use the new interest rate to save almost R500,000 on your home loan
The Reserve Bank has decided to cut the interest rate by 25 basis points, so how can savvy consumers use this to pay off their home loans quickly?
SARB cuts interest rate: too late for South African households?
The South African Reserve Bank's recent interest rate cut has sparked debate among industry leaders about its timing and effectiveness in alleviating financial pressures on households.
Chief Editor’s Note: South African banks reap rewards as high interest rates burden the poor
Local banks thrive on high interest rates, but the burden falls on the poor, highlighting the urgent need for reform in monetary policy.
SA Reserve Bank cuts interest rate ahead of festive season
Kganyago said the central bank is cutting the repo rate by 25 basis points (BPS), meaning rates will come down by 0. 25%.
Watch live: SARB Governor Lesetja Kganyago announce MPC’s decision on interest rates
Expectations ahead of the announcement pointed to no relief for financially constrained consumers.
This is what the mooted interest rates cut will mean for your home loan savings
An interest rate cut by the Reserve Bank on Thursday looks very likely but how will this impact your bond payments?
SARB to implement a small interest rate cut despite plummeting inflation
Els said this was an economy that was running at a very low inflationary pace, thus suggesting that the SARB should cut rates by 50 basis points.
SA auto industry eyes recovery as interest rate cuts begin
New vehicle sales in South Africa continued their downward trend in September, with total sales of 44 081 units, slightly down from the same period last year.
Paying off your bond faster: expert tips for SA homeowners
Are your bond repayments giving you a headache? Use these tips to pay off your home loan faster, and save money.
SARB maintains cautious stance despite signs of economic recovery
The bank also noted that general improvement in its forecasts over the review period brought forward the point at which headline inflation was expected to reach the target midpoint and, assuming no new shocks, remain around that level.
New financial solution to defend clients against banks overcharging
Proactive Solutioning assists clients who have been overcharged to analyse their statements
Property execs hope its the start of an interest rates cut cycle in South Africa
South African homeowners can expect to save money on their monthly home loan repayments after the interest rate cut.
Stage is set for a cut in interest rates this week
Many economists predict a cut of 25 basis points will be announced by SARB governor Lesetja Kganyago on Thursday.
South Africans can look forward to possible cut in interest rates later this week
The repo rate is currently at a 14-year high of 8. 25% and the prime lending rate is at 11. 75%.
Business as usual, says Ithala Bank CEO after FSCA suspends its licence
Ithala SOC Limited CEO, Dr Thulani Vilakazi, said the bank remains open and operational and will continue to service existing clients.
England Bank interest rates cut to 5%
Governor Andrew Bailey emphasised the significance of the reduction but cautioned against expecting a rapid decline in rates soon.
Housing should be the foundation of a just society
Innumerable working citizens who simply cannot afford formal dwellings such as houses, flats, townhouses, and communal or backyard rooms, are forced to live in informal dwellings such as shacks, sheds and other makeshift structures
Do you know who owns your home — you or the bank?
‘As a homeowner, important decisions related to your home are dictated by you – not the bank,’ said a property expert.
SA Reserve Bank keeps elevated interest rates on hold
This means that the prime lending rate in the country will remain at 11. 75%.