Just Property – COVID19 – Repo rate decrease welcomed by the property sector: South Africa, March, Friday, 2020 – On 19 March 2020, the Monetary Policy Committee announced a repo rate cut of 100 basis points, taking the repo rate to 5.25% per annum. This follows January’s 25 basis point cut. Paul Stevens, CEO of Just Property, welcomed the announcement noting that the 1% cut translates into a reduction in the mortgage rate (or prime lending rate) from 9.75 percent to 8.75 percent, which … [Read more...] about Just Property – COVID19 – Repo rate decrease welcomed by the property sector – MyPR.co.za
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GDP decreases by 0.6% in first quarter
The seasonally adjusted Gross Domestic Product (GDP) at market prices slumped at an annualised rate of 0.6% for the first quarter of 2014, Statistician General Pali Lehohla announced on Tuesday morning. This decrease in growth - the worst since the second quarter of 2009 when the world's economy dipped as a result of the global recession - comes after the GDP grew by an annualised rate of 3.8% in the fourth quarter of 2013. Releasing the latest GDP results at the Government Communication … [Read more...] about GDP decreases by 0.6% in first quarter
Petrol price to decrease by five cents
Pretoria - All grades of petrol will decrease by five cents per litre as of next Wednesday, the Department of Energy announced on Friday. Motorists inland will now pay R13.50 per litre while it will cost R13.13 per litre at the coast. A litre of Diesel 0.05% Suphur will increase by 13.820 cents while that of Diesel 0.005% Sulphur is set to increase by 14.820 cents. Illuminating paraffin wholesale will increase by 25 cents a litre and Illuminating Paraffin (Single Maximum National … [Read more...] about Petrol price to decrease by five cents
Petrol price to decrease
Motorists will be pleased to learn that the petrol price is to decrease by 8 cents a litre as of next week. All grades of petrol will decrease by 8 cents a litre as of next Wednesday 5 June, the Energy Department announced on Friday. A litre of 95 ULP in Gauteng will now cost R12.39 in Gauteng and R12.02 in the coast. A litre of Diesel 0.05% Suphur and Diesel 0.005% Sulphur will decrease by 3.980 cents respectively. Illuminating paraffin wholesale will increase by 1 cent a litre and … [Read more...] about Petrol price to decrease
Petrol price to fall by 89 cents
The price of petrol is to decrease by 89 cents per litre, the Department of Energy announced on Friday. From Wednesday next week, the price of 93 ULP and LRP petrol will decrease by 89 cents per litre, the price of 95 ULP and LRP petrol will decrease by 85 cents per litre. Diesel 0.05% Sulphur is to decrease by 62 cents per litre, while Diesel 0.005% Sulphur will decrease by 61 cents per litre. Illuminating paraffin wholesale will decrease by 58 cents and Illuminating Paraffin (SMNRP) is … [Read more...] about Petrol price to fall by 89 cents
