insert_link South Africa Why SA’s spending boom isn’t what it seems South African consumers remain under financial strain, despite data that may suggest a rebound in spending, according to a new strategy research report by Simonis Storm Securities, a 100% Namibian-owned stockbroker and wealth management company. Titled “The Illusion of Rebound: Underneath the Spend, the Strain Persists”, the May 2025 report indicates that a year-to-date consumer spend increase of just 0.6% year-on-year is being misinterpreted as economic recovery. When compared to […] today20 May, 2025
insert_link Business / Economics In S.A, BetterBond has welcomed repo rate cut In S.A, BetterBond has welcomed the 25 basis point repo rate cut to 7.75-percent. Head of Sales, Bradd Bendall, says slowing inflation is fostering a more favourable lending environment, by continuing the rate-cutting trend. Bendall says the decision provides relief for homeowners burdened by rising bond costs since November 2021. BetterBond reports a 30-percent jump in home loan activity in October, signalling a property market recovery: Meanwhile, still in […] today22 November, 2024
