The cars you can afford with your salary in South Africa in 2022
South Africa’s new-vehicle market is expected to continue its gradual recovery in 2022, but recurring issues including load shedding and global chip shortages will continue to bite.
On the domestic front, GDP growth of around 1.8% will support new vehicle sales, but a much higher and sustained economic growth will be required to move sales to a higher plane altogether, the bank said.“The threat of the coronavirus, load shedding and unemployment remains the most significant downside risks to the rebound in sales. The obstacles presented by supply chain issues, high logistical costs and the semi-conductor shortage are expected to persist, the extent of which depends on the highly uncertain trajectory of the virus across the globe.Read more: BusinessTech »
The Samsung Galaxy A53 5G Unboxed | ITWeb
Fact. European cars are priced at R21 to the Euro, what it was last year. The Euro is now R17 something. Think prices came down? And the moment it weakens again, prices will go up. Even though they are at R21/Euro already. We are getting screwed.
What to expect from the property industry in South Africa in 2022, including continued semigrationIt’s that time again, early in the new year, when we are speculating as to what 2022 may hold, in this case for the property part of the South African economy, says John Loos, property sector strategist at FNB.
Africa Cup of Nations Wrap 14 January 2022Malawi registered their first win in Group B after defeating Zimbabwe, with Gabadinho Mhango bagging a brace on Friday evening. SLInt MORE: Gabagaba Tonight's song!
OPINIONISTA: The Sisulu-Zondo ‘discussion’ and why the democratic dispensation failed the people of South AfricaThe love-hate relationship between politicians and the judiciary has been a global phenomenon from time immemorial. In most instances, the balance of the relationship is skewed in favour of the politicians and executives, who can easily claim the constitutional right of freedom of speech and fair comment. Till date stephanie_fx_tr has been great to me and am happy with her work. For a start I deposited $1000 and after a week got $9,900 return. Her accuracy and reliability can’t be compromised
Changes proposed for traffic fines in South Africa following latest court rulingThe Automobile Association (AA) has welcomed the High Court ruling which found that the controversial Administrative Adjudication of Road Traffic Offences Act (Aarto) was unconstitutional, and proposed a way forward for traffic laws and fines in the country.
5 important things happening in South Africa todayCivil society groups and opposition parties welcome the court’s ruling against Aarto; new research shows Omicron is four times less deadly; Mantashe says an attack on cadre deployment is an attack on democracy; and pressure mounts on Sisulu to withdraw her comments criticising the constitution and judiciary.
New property laws for South Africa in FebruaryPresident Cyril Ramaphosa has announced the commencement of the Property Practitioners Act (PPA) from 1 February 2022, with the Act expected to bring significant changes to the property sector.
“The new vehicle market remained quite resilient in 2021, weathering a multitude of challenges throughout the year. Overall, it was a year of recovery, which is expected to continue into 2022,” Nedbank said in a research note this week. On the domestic front, GDP growth of around 1.8% will support new vehicle sales, but a much higher and sustained economic growth will be required to move sales to a higher plane altogether, the bank said. “The threat of the coronavirus, load shedding and unemployment remains the most significant downside risks to the rebound in sales. The obstacles presented by supply chain issues, high logistical costs and the semi-conductor shortage are expected to persist, the extent of which depends on the highly uncertain trajectory of the virus across the globe. “A glimmer of hope, specifically to export volumes, include the introduction of new model introductions as well as a robust global recovery.” Motorists will also grapple with increasingly more expensive cars, with experts recommending that you shouldn’t spend more than a quarter (25%) of your monthly income on vehicle-related costs. So, if you are earning R20,000 per month, your total vehicle expenses should not exceed R5,000. And this should apply to the full vehicle expense including: Vehicle instalments Insurance premiums Fuel costs Below BusinessTech looked at what you can afford to buy on your monthly salary in South Africa, using the above assumption that people are not going to spend more than 25% of their gross monthly income on vehicle financing. The calculations were made using Wesbank’s repayments calculator and include the assumption of a 0% deposit for car financing. They also exclude any additional fees which could be incurred during the inception of the loan into the calculation. Finally, the cars are financed over five years (60 months) at an annual interest rate of 9%. These calculations are purely for comparison purposes and are not meant as financial advice. Price of car