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Comments on Will the latest rate hike curb consumer Christmas spending?

It wont effect Xmas spending but be prepared for a consumer meltdown in the first 6 months of 08 by Paul B

The overly protective nature of the Reserve Bank to try to hold an agreed inflation rate is going to lead to recesssionary conditions ( even "stagflation" )for the majority of 2008 before World Cup fever tips us back upwards...and add to this the possibility of a "lame -duck presidency and a totally ineffective Government , whilst everyone jockeys for position in the next Government, and the economy looks like it's in for a rough ride in 2008.....perhaps the oil price will drop and save us from ourselves ?

10 Dec 2007 16:42 Reply, Report this comment

How can we have a happy Christmas? by Momz0r

Knowing that early next year I might lose my house...no, my HOME...I cannot afford my bond repayments anymore as it has gone up by almost R1000 this year, and my income has dropped as I was retrenched and now have to work for R6000 per month. How do other people do it?? And where do you go when you HAVE to sell your house?? 't is the season of dread and misery...

11 Dec 2007 09:23 Reply, Report this comment

Bond increased by R3000 in last 8 months

How much money do you need to earn to have an average South African lifestyle? Not designer goods, fancy cars or overseas holidays. As a couple we net approx. R40 000 but this seems to disappear. Everything is becoming more and more expensive. Our bond has gone up by R3000 in the last 8 months. Expect to see many people shedding their homes and returning to renting and skrinking the middle-class.

11 Dec 2007 13:11 Reply, Report this comment

People are losing their houses. by concerned

Peole will lost their houses and wont pay their debts

11 Dec 2007 14:30 Reply, Report this comment

Not during xmass. I think its sad that people just get them selves more and more into debt.

Not during xmass. I think its very sad that people get more and more into debt.

12 Dec 2007 13:17 Reply, Report this comment

Interest rates by xolcea

I think people will be in more debt as they try to keep up with the standard of living in South Africa specially middle class (For example to get quality food, schools fees for children, cars and a normal house which is around R500 000 and other resources). And for poor it will be even hard to get a shelter or healthy food. I suggest government must implement laws and polices which will go hand in hand with interest rates hike. For instance if interest rates gone up salaries and grants must gone up as in every sector(government and private) but not salaries for top jobs like(MP's, CEO's, etc)

18 Dec 2007 10:28 Reply, Report this comment

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