Jackes Posted June 12, 2008 Posted June 12, 2008 who said the clever guys said 1%? I did ! ??? Dawie Roos continued with that opinion till this morning. tell him is is not that clever anymore! Do so, will you help me to start spreading the word there in your area also to ALL the economists that i heard that reconned it ? thanks man
Evan Andreou Posted June 12, 2008 Posted June 12, 2008 That relates to R40 per 100' date='000 you borrowed extra[/quote'] Sounds lovely when put that way So make that an extra R600 on your 1.5mill house, couple of hundred on your OD, couple more on your CC(s)couple of hundred on your car(s) Suddenly you are R1000+- worse off per month, this has happened 6 times in the last 18 months Where did the extra R5000-R6000 you are paying come from?
Jackes Posted June 12, 2008 Posted June 12, 2008 So' date=' was mr tito's " 2 % " just a scare-tactic or is it only me that does not understand this crap. Coming down from a almost certain 2 to .5 ? [/quote']when tito hinted at 2% hike then everyone was pulling brakes biiiiigtime!!! Acting dumb again as this makes me feel. Why not then continue with the 2 or even 1 and let us pull the brakes even further, than come down to .5, and now we can go phew, its only 40 on 100,000. I would say shock it and get it over with ?
Nettie R Posted June 12, 2008 Posted June 12, 2008 What makes these interest hikes worse, is that economists have a term for what's happening. It comes down to legalized stealing from the public.I read in a newspaper that the reserve bank uses the hikes to top up state coffers.
AuctionLamb Posted June 12, 2008 Posted June 12, 2008 So' date=' was mr tito's " 2 % " just a scare-tactic or is it only me that does not understand this crap. Coming down from a almost certain 2 to .5 ? [/quote'] when tito hinted at 2% hike then everyone was pulling brakes biiiiigtime!!! Acting dumb again as this makes me feel. Why not then continue with the 2 or even 1 and let us pull the brakes even further, than come down to .5, and now we can go phew, its only 40 on 100,000. I would say shock it and get it over with ? agree! give it once! then it is over...now .5 next one 1.5!!!!
Jackes Posted June 12, 2008 Posted June 12, 2008 So' date=' was mr tito's " 2 % " just a scare-tactic or is it only me that does not understand this crap. Coming down from a almost certain 2 to .5 ? [/quote']when tito hinted at 2% hike then everyone was pulling brakes biiiiigtime!!! Acting dumb again as this makes me feel. Why not then continue with the 2 or even 1 and let us pull the brakes even further, than come down to .5, and now we can go phew, its only 40 on 100,000. I would say shock it and get it over with ? agree! give it once! then it is over...now .5 next one 1.5!!!! And if it is too late then ? I totally agree, there must be something behind it is everyone said at least 1, so dammid, why not do it. politics, financials jugg
shaunh Posted June 12, 2008 Posted June 12, 2008 I agree AL, but as I mentioned in an earlier post, the poor are really suffering and he had to consider them.
AuctionLamb Posted June 12, 2008 Posted June 12, 2008 I agree AL' date=' but as I mentioned in an earlier post, the poor are really suffering and he had to consider them.[/quote'] but the poor is gonna be worse off in sep when he raise it by 1.5 %!!!
Gert Janse v Rensburg Posted June 12, 2008 Posted June 12, 2008 Im strugling and im not that poor..... I think the poor is jus plain buggered after this.....
Jackes Posted June 12, 2008 Posted June 12, 2008 I agree AL' date=' but as I mentioned in an earlier post, the poor are really suffering and he had to consider them.[/quote'] They're gonna suffer a sh!tload more if we hit a recession or whatever nonsense because of this ..
shaunh Posted June 12, 2008 Posted June 12, 2008 Ya, but his hoping that things will improve (again debatable)! So lets all hope for the best and tighten our belts.
Jackes Posted June 12, 2008 Posted June 12, 2008 Exactly, he's been hoping it for 2 years now ! hold thumbs
newbie234 Posted June 12, 2008 Author Posted June 12, 2008 Clever by Tito, he managed to get everyone giving high five's after the good news of a .5 % hike, last time the same hike got everyone crying! I will now buy a new bike with the extra 750 per month i save thanks to Tito! hows that for effectively curbing spending!
madmarc Posted June 12, 2008 Posted June 12, 2008 Only 0.5% thats cool. Now i can go buy that Chorus ultra torque gruppo on my credit card
knersis Posted June 12, 2008 Posted June 12, 2008 I don't know if the 0.5% hike was a smart move?If the rand weakens to the dollar it will affect the petrol and food prices, might affect the poor more than another 0.5% hike. SA does more imports than exports. Let's hope the rand holds up.
Mark Posted June 12, 2008 Posted June 12, 2008 Rand was at 8.12 a while ago, brace yourself Sheila in for some tuff times.
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