South Africans are drowning in debt.
It is therefore unsurprising that everyone and their aunties are obsessed with the interest rate outlook.
The Money Show’s Bruce Whitfield interviewed KPMG Economist Maura Feddersen.
Feddersen said there are a number of myths that people believe about South Africa’s interest rate policy:
The South Africa central bank has an inflation target of 3% to 6%. It is, however, not true that an inflation rate below 6% would necessarily lead to an interest rate cut.
An interest rate hike, contrary to popular belief, is not a given when inflation breaches the upper limit of the target.
Despite people’s fears; a credit ratings downgrade does not inevitably mean higher interest rates.
- It’s untrue that lower interest rates can fix South Africa’s economy.
Listen to an explanation of each of these myths in the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Sasfin veteran David Shapiro.
The Money Show’s Bruce Whitfield interviews Windmeul Eggs Managing Director Pier Passerini.
Small and medium cap analyst Anthony Clark shares his stock pick of the week with Bruce Whitfield on The Money Show.
Financial Mail's Claire Bisseker discusses her book “On the Brink: South Africa’s Political and Fiscal Cliff-Hanger”.
The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).
Pavlo Phitidis and Karabo Songo share lessons they learned from the bloodiest of blood-sports.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
People do some very interesting things for a living, but some job titles are given more credit than others.
This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.
The EFF lawyer stole the show during the state capture report court battle.
Fees Must Fall activists singing the national anthem with a new melody and phrases calling it a 'decolonised national anthem'.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?
Will Jack Mabaso's return to the realm of Generations boost ratings? Well it seems not all viewers are impressed by the come-back.