Bruce Shepherd with a tractor© Karen Edwards
Last year I bought a farm. I managed to secure a good rate from the bank (10.25%) to help me finance it. If you think that sounds high, I must tell you it was unexpectedly reduced last month by 0.25 of a percentage point. The South African Reserve Bank (SARB) has a mandate to keep consumer price inflation (CPI) between 3% and 6%. Our CPI has recently dipped below that 6% mark, so the SARB dropped its bank rate by […]