Finance News

Increased Repo rate, what does it mean for you.

South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) decision to increase the repo rate by 50 basis points to 4.75% – taking the prime rate to 8.25%, what does this mean to South Africans? Here is what increased repo rate mean for the poor and working class South African citizens, in simple terms increased […]

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Finance

SRD R350 Requirements and Reapplications

Sassa has taken a new look at their website with a makeover full of bright colours, this is with hopes that applicants who make use of the website for application and status check, will have a clear understanding of the self service platform. https://www.sassa-status.co.za/ What is the qualifying criteria? A South African Citizen, Permanent Resident or […]

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Finance News

R350 SRD Chopped For Poorer Recipients

The Department of Social Development introduced new rules that will leave vulnerable South Africans in the cold by lowering the qualities needed to qualify for the R350 SRD grant. This comes after a small budget was allocated by National Treasury to the department. According to the latest statistics, 10.65 million happen to be recipients of […]

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