Rate hikes unlikely to weigh on SA home buying in 2022

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 77%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Rising interest rates are unlikely to affect home buying in South Africa this year, according to FirstRand Ltd.’s FNBSA. Moneyweb Economy

Rising interest rates are unlikely to affect home buying in South Africa this year, according to FirstRand Ltd.’s First National Bank. The lender expects the central bank to raise its benchmark rate by at least 75 basis points in 2022 because of mounting inflationary pressures and plans by advanced economies including the US to raise borrowing costs.

” Over the medium-term, a slow recovery in the labour market of an economy where more than a third of the workforce is unemployed and rising interest rates suggests a less supportive environment for buying activity, Mkhwanazi said. © 2022 Bloomberg jQuery.on { event.preventDefault; jQuery.animate).offset.top }, 500); }); jQuery.ready { jQuery.bind { jQuery.lightBox }); function getSelectedText { if { var range=window.getSelection; return range.toString } else { if { var range=document.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IEB class of 2021 better than last year — achieves 98.39% pass ratePrivate school pupils who wrote last year’s matric exams through the Independent Examinations Board (IEB) have passed with flying colours, after achieving a pass rate of 98.39%. DBE_SA PresidencyZA ParliamentofRSA public education need to change ,bring changes ,,minister been there for too long fruitless education. Learners meave schools with no skills nothing. The anc would love to see this dismantled. It shows them up so badly. It puts in stark relief the anc's very inferior education that they try and force on everyone.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Matric results: IEB class of 2021 pass rate slightly increases to 98.39%IEB CEO, Anne Oberholzer has described last year's Grade 12s as the 'true victims of Covid-19', further hailing their success.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Gold loses ground as traders brace for rate aggressive hikesBullion falls as prospect of US rate hikes sends treasury yields to two-year highs, reducing metal’s appeal
Source: BDliveSA - 🏆 12. / 63 Read more »

Umalusi weighs in on 30% pass rate debateSpeaking on 18 January 2022, CEO of Umalusi Dr Mafu Rakometsi said the pass requirements in South Africa are in line with international practices. Rakometsi said 30% is the minimum requirement for some subjects and reiterated that obtaining this percentage in all subjects would, in fact, mean a fail.
Source: ewnupdates - 🏆 30. / 53 Read more »

IEB class of 2021 better than last year — achieves 98.39% pass ratePrivate school pupils who wrote last year’s matric exams through the Independent Examinations Board (IEB) have passed with flying colours, after achieving a pass rate of 98.39%. I'm sharing this because this was exactly how i saw so many posts about Tatiana Moore and how she has been helping lots of people with their trades and i decided to give it a try and luckly it went well, Contact her via her profile link below 👇👇 Tatiana_Fx_ Unequal society that's mzansi for you 1.6% parents wasted money...
Source: TimesLIVE - 🏆 28. / 59 Read more »

Inflation accelerates to highest rate since 2017Inflation accelerates to highest rate since 2017 - Elevated inflation has become a stubborn feature of the global economy’s recovery from the Covid-19 slump and central banks have been forced to react
Source: mailandguardian - 🏆 2. / 92 Read more »