Property mogul disappointed with Sarb decision to hike interest rates

Seeff Chairperson Samuel Seeff expressed disappointment at the decision of the Monetary Policy Committee of the Reserve Bank to hike the repo rate by 25 basis points to six percent.

The prime lending rate jumps from 9.25% to 9.5%.

Seeff reckons this is out of step with the economy and bad news for consumers, homeowners and buyers.

The Money Show presenter Bruce Whitfield interviewed Seeff.

Scroll down to listen to the audio.


This article first appeared on 702 : Property mogul disappointed with Sarb decision to hike interest rates


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Can’t (or won’t) buy to let? Don’t sweat; there’s a far more lucrative option

Can’t (or won’t) buy to let? Don’t sweat; there’s a far more lucrative option

Financial planner Claude Hannah compares the costs, risks and returns of property unit trusts to that of buy-to-let properties.

3 reasons why 2015 will be a good year for property

3 reasons why 2015 will be a good year for property

Residential property has had a rough ride since 2007/2008, but things are looking decidedly better as we head into 2015.

Outlook for residential property in 2015

Outlook for residential property in 2015

Bruce Whitfield's panel discussion examining the state of residential property in SA turned up some interesting findings!

How to invest in multiple properties (even if you can’t get a home loan)

How to invest in multiple properties (even if you can’t get a home loan)

You don’t need much money (or a home loan) to invest in multiple properties. Enter “Property Unit Trusts”…

How to create a new, 12-million strong capitalist class with the stroke of a pen

How to create a new, 12-million strong capitalist class with the stroke of a pen

Leslie Sedibe says Government can create 12m land owners “with a stroke of a pen” by giving title deeds to shack dwellers.

How to turn a dilapidated inner-city crime hotspot into a hipster hangout

How to turn a dilapidated inner-city crime hotspot into a hipster hangout

Meet the man behind the Maboneng precinct in Joburg’s CBD and learn about his plans for creating a community of 20 000 residents.

Why you need a pension fund (or retirement annuity) even if you own a house

Why you need a pension fund (or retirement annuity) even if you own a house

Many people falsely believe they do not have to save for retirement because they own the home they live in.

4 beliefs about shares that keep you from growing wealthy

4 beliefs about shares that keep you from growing wealthy

4 popular, yet patently false, beliefs about stock market investing that's holding you back.

Popular articles
Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nene asked unions representing Eskom workers to provide ideas to fund wage increases after negotiations with Eskom deadlocked.

[WATCH] Man finds it hard to open his Zam-Buk & pleads for an easier opening tin

[WATCH] Man finds it hard to open his Zam-Buk & pleads for an easier opening tin

Tourists wake up at the crack of dawn to bag the best sunbed and one man even suffers a broken toe in the melee.

How Steinhoff shares doubled in just five days

How Steinhoff shares doubled in just five days

Founder of Herenya Capital Advisors, Petri Redelinghuys, explains how the embattled Steinhoff managed to double its share price in 5 days

Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

Woolworths explains reasons for rice mix recall

Woolworths explains reasons for rice mix recall

The retailer announced it is recalling its rice mix product for fear of contamination with the Listeria bacteria.

Home Affairs set to undergo an upgrade in move to paperless system

Home Affairs set to undergo an upgrade in move to paperless system

A new live capture system will cover birth, marriage and death registrations.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.