Despite the economic climate in South Africa being under pressure and to a certain extent unpredictable, according to the Momentum-Unisa SA Household Wealth Index the worth of households grew by 3.9% between the fourth quarter of 2015 and first quarter of 2016, with an increase of R67.8-billion.
Topics: Buying, Money, Interest Rates, Consumers Under Pressure, Financial Decision, Mortgages
South Africa’s economy has dodged a few serious bullets this past few weeks with financial ratings agencies Moody’s and Fitch deciding against downgrading us to junk status. Although we’re not in the clear completely yet this is positive news for the short term.
Topics: Economic Climate, Financial Decision, Investment Opportunity