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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Everest Wealth

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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 […]

todayNovember 22, 2024 8

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South Africa

Warning Issued on Two-Pot Retirement System Impacting South African Government Dependency

Everest Wealth cautions that the two-pot retirement system may contribute to heightened government dependency in South Africa. The concern arises following Finance Minister Enoch Godongwana's announcement that the system is anticipated to generate a five-billion-rand tax windfall for the government. Riaan Grobler, the head of advisory services at the firm, highlights the risk of frequent withdrawals diminishing long-term savings, potentially increasing reliance on social grants. He emphasizes the need for […]

todayFebruary 23, 2024 7

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