2008 is already underway and many of us hope the New Year will bring with it renewed hoped and a better year than before. For us here in South Africa, we are going to have a very interesting year from the financial and economic point of view.

It looks like the target of having inflation to being between 3% and 6% may not be met in 2008 judging by the way things are going. Food prices and oil prices continue to rise not only in South Africa but across the whole word. With ever increasing inflation means ever rising interest rates. Will we get a rate cut in 2008? I do not think so, if anything the rates will continue to go up or at best stay at where they are. Read the rest of this entry »