As expected, the price of fuel will be going up next week Wednesday according to the Department of Minerals and Energy. The price of petrol will go up by 43 cents per litre whilst diesel will go up by between 51 and 52 cents per litre. Illuminating paraffin will also go up by 78 cents a litre. Read the rest of this entry »

After yesterdays announcement that the CPIX inflation rate had gone up to 7.3%, today the figures for Producer Price Inflation (PPI) has also gone up in South Africa to 9.5 % year on year in October. If any one had little hope of not seeing interest rates going up next week, they can forget about it as it now looks almost certain that interest rates are going to go up next week. Read the rest of this entry »

Data released today shows that South Africa’s CPIX inflation rate has gone up to 7.3% in the year to October, up from 6.7% in September. This figure of 7.3% is a new four and a half year high. The consumer price index (CPI) also increased by an annual rate of 7.9% in October compared to 7.2% in September. Chances are now very strong that there will be another interest rate increase next week. Read the rest of this entry »

Yesterday, Statistics South Africa released the figures for the countries GDP (Gross Domestic Product) and the figures showed that the GDP rose by 4.7% during the third quarter of the year compared to the revised 4.4% of the previous quarter. This goes to show that the economy is growing but this could be bad news as economic growth tends to fuel inflation and if inflation continues to rise that will lead to an increase in interest rates. Read the rest of this entry »

What do you think of this….

Research shows that guys no longer date girls from ABSA because they are always thinking of “…today, tomorrow and being together forever” OR girls from FNB because they are always thinking “…how can they help you (to become something better)…” OR girls from Nedbank because they ”… are serious about your money”. They are now dating girls from Standard Bank because they are “simpler, better and faster.”

It seems to be all about oil these days. Where ever you turn there is talk about the oil price, in the news they are always mentioning the same thing and who can get away from the news about the oil refinery going up in flames in Durban in the beginning of the week? Read the rest of this entry »

Many of us have credit cards today, ranging from your entry level cards, to Gold cards and to Platinum cards but today I came across the Amex Black credit card which is supposed to be the top of the range credit card in the world today. They say your world changes when you are in possession of this card so I decided to take a closer look at it and let you know of my findings. Read the rest of this entry »