RATE CUT MOST WELCOME
Wakefields Real Estate CEO Myles Wakefield says, "We'll take it happily! It's obviously bittersweet, given the local and global circumstances under which this decision has been taken, but it's good to see a strong move made to stimulate demand in the economy. It's not going to mitigate against the impact of the Covid-19 outbreak, but the one percent rate cut will offer some financial relief at a time when it's desperately needed, and go some way towards lifting the spirits of South Africans. It'll reduce your monthly instalment by R972 on a R1,5m property over 20 years.
20 Mar 2020
Author Anne Schauffer
