14.5%

YEAY!!!!!!!!!!!!!!!!!!!!

Big increases for me again :)
Hopefully less car's on the road from people who cant afford petrol and rate hikes.
 
I wish Tito would stop mucking about and start raising rates by full percentage points when he needs to.
 
Aree with Sneeky, instead of this .25 .5 stuff he shoould have done 1% end of last year and shocked the system.

But then again, I know nothing of finanace, I am a code monkey.
 
This is what worries me more

Petrol has risen by 36 percent this year while food prices were up 12.4 percent in October compared to the same month last year.
Click to expand...

Has the oil price risen by 36 percent in the last year?
And food goes up, but our salaries don't... *sigh*
 
Ok so they've gone up nearly 50% then.. ok fair enough.

I still wish these monkeys would publish the actual equation they use to figure out the petrol price, since oil is obviously a part of it, but not the whole picture, and government takes a LARGE percentage of the price of petrol as taxes.. think its easily over 60% is taxes.
 
Jeez, I knew the rates were rising but 14,5 prime is getting hectic. Makes me glad that I don't owe anything to anybody.
 
I've been reading that the Reserve Bank has been buying up Dollars. The result is that as the Dollar weakens the Rand remains at approximately the same level with respect to the Dollar. The oil price goes up as the Dollar weakens and we keep paying more for our fuel. The higher fuel price drives up inflation and they raise the interest rates.
 
Small business owners are talking about being squeezed out of business between fuel price driven inflation and constantly increasing interest rates. Economists, even ones that supported earlier interest rate increases, are now warning about the economy potentially tipping into recession if the interest rate continues to rise.

I wish Tito would stop mucking about and start raising rates by full percentage points when he needs to.
Click to expand...
That is dangerous. The time for that is also long past. If they wanted to make any big jumps they had to do it before it reached the current level. At this stage they should be waiting at least 6 months before they increase the rate any further. If they go too far and undermine growth in the economy or worse cause a recession I wouldn't bat an eye if the entire committee were lynched.
 
I'm not happy with the hiding I'm getting from governmint and the banks for doing nothing wrong.
The only way I can stop receiving this hiding is to sell my house, and keep the cash in some kind of investment thingy.
But then I won't have a place to live, so I'll be forced to rent, and there I'll be punished even more cos the owner will be pushing up rent to pay for his increased cost, and I won't ever own the property I'm renting.

AAAAAAAAAAAAAAAAAAAAARG.

I'm stuck, there is nothing I can do to stop from being punished, perhaps they'll have a sale on anal lubrication.

Thanks Governmint.
Pfffffffffffffft.
 
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