'Interest rates may have peaked'

[Sneeky]

I believe this is a rather optimistic stance.
I'm budgeting for another +2% this year before it peaks, just a gut feel.
http://www.fin24.co.za/articles/eco...px?Nav=ns&lvl2=econ&ArticleID=1518-25_2054242

 

[kiepie]

My call is a max. of 1%.

50 basis points on each meeting now.

Oil price is really in our favour, and the Rand has kept his ground against the dollar. Need to see the account deficit.

Mboweni was going on about the amount of credit by SA consumers, think it will cool down now.
Ex. Slow down in cars bought each month (99.99% on credit)
Also the demand for house prices.

 

[Sneeky]

A big problem is higthlighted in this article imho.
http://www.iol.co.za/index.php?set_id=1&click_id=13&art_id=vn20070113110430588C203514

Journo granted R180 000 credit in five hours
Over a period of a mere five hours this week, an Independent on Saturday reporter was granted almost R180 000 credit - and all it took was answering a few questions from a call centre operator or filling in an on-line credit application.

The significantly lower oil price is a bug plus for the current account, wouldn't bank on it staying there though. Time will tell.

0.5% in Feb then they drop the bomb after the next meeting (1%), by then the lending instituions will have netted their catch already and it will be time to roll in the dosh.