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Pholoso
@pholosof
Blessed and highly favoured.
Johannesburg, South Africa Katılım Ağustos 2010
369 Takip Edilen308 Takipçiler
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So our government bona?
SABC News@SABCNews
Namibia’s government will temporarily reduce fuel levies by 50% for at least three months until the end of June in a bid to protect consumers from higher pump prices as the United States (US)-Israeli war with Iran continues, the energy minister said this Friday. tinyurl.com/3xyx8mem
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𝗦𝗼𝘂𝘁𝗵 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗥𝗮𝘁𝗲𝘀 🇿🇦
As many might know, the SARB plans to phase out the prime lending rate as a reference rate for loans, in 2027.
✅SARB Policy Rate = SPR ( Repo )
❌Prime lending rate = PLR ( Prime )
𝗪𝗵𝗮𝘁 𝘁𝗵𝗶𝘀 𝗺𝗲𝗮𝗻𝘀:
As borrowers we are use to the PLR rate, but by switching to the SPR, bank loans will be priced directly at a margin over the repo rate, rather than at a premium to the prime rate.
𝗙𝗼𝗿 𝗲𝘅𝗮𝗺𝗽𝗹𝗲:
🔸Currently Prime = 10.25%
🔸My home loan = 11.25%
❌Instead of being quoted Prime +1 (11.25%)
✅You’d be quoted with the replacement rate, which is: 𝗦𝗣𝗥 + 𝟰.𝟱𝟬%. (𝟭𝟭.𝟮𝟱%)
𝗪𝗵𝘆?
The aim of the adoption of the SARB Policy Rate (SPR) is to enhance transparency as banks would need to disclose the spread they charge above the SPR.
David (TalkingCents)@talkcentss
𝗡𝗲𝘄𝘀 𝗝𝘂𝘀𝘁 𝗜𝗻 🚨 The South African Reserve Bank (SARB) has left interest rates 𝗨𝗡𝗖𝗛𝗔𝗡𝗚𝗘𝗗 🇿🇦Repo Rate = 6.75% 🇿🇦Prime Rate = 10.25%
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Most people are not bad with money. We just don’t have the right systems and tools to help us on our financial journey. @francgroup is a digital wealth coach helping South Africans build wealth step-by-step. To sign up use the link below👇🏽 franc.app.link/essmukumbo
#GrowWhatMatters
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𝗪𝗘 𝗔𝗥𝗘 𝗧𝗔𝗫𝗘𝗗 𝗧𝗢 𝗗𝗘𝗔𝗧𝗛 🇿🇦
Let me open your eyes, check this purchase out on EasyEquities.
A R50,000 buy of Thungela Resources stock, which is R49,687.33 (Net).
SARS takes their cut of R148,80 before any growth occurs. There are two fees that flows to SARS.
1. Securities Transfer Tax (0.25%)
𝟮. 𝗩𝗮𝗹𝘂𝗲 𝗔𝗱𝗱𝗲𝗱 𝗧𝗮𝘅 (𝟭𝟱%)
The Value added tax is charged against the services fees, which are the 𝗯𝗿𝗼𝗸𝗲𝗿 𝗰𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗼𝗳 𝟬.𝟮𝟱% 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗦𝗧𝗥𝗔𝗧𝗘 𝗳𝗲𝗲 𝗼𝗳 𝟬.𝟬𝟳𝟵𝟱%.
———-
SARS takes a cut on the purchase of the stock (as described above) and then again on the sale of the stock.
Not only that, you are investing post tax money and then you get taxed again on any gains you’ve made once you sell.

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💬 Immediate reaction from @brysondech:
JERRY: "Bryson, why so much emotion on this victory?"
BRYSON: "I wish I could tell you. A lot has happened in my last in the past week. I'm just so grateful for my team, the Crushers, everybody supporting me. It's so funny, golf is a fickle game, and you work so hard at it your whole entire life, and you realize that golf is just golf and there's a lot more to life than just golf. I had some things happen in the off time during this week, and I was just praying all day, praying to give me the perseverance to move forward and keep looking forward. I've just got to say I love everybody. Thank you for supporting. South Africa was unbelievable. I mean, got to be the best LIV event we've ever had. I've had you for eight straight days, plus two playoffs. I guess I need to bring you to the Masters or something."
JERRY: "Not only emotional for you, emotional for your team. I saw you give them a wink when you made the par putt in regulation. You knew that meant victory. How special and how much does that mean to the group of guys and the collective love you share?"
BRYSON: "It's huge. It's huge for our momentum. I said earlier this week that we just needed a little bit of time and we'd start showing our true colors, and they went out and played stellar today, and I held it down. But I'm super proud of the guys. I can't tell you how excited I am to have these guys a part of the team. I think that's nine team wins now. This is my fifth LIV individual win. I'm still pulling that dang driver. I've got to fix that."
JERRY: "Last week you won, and it was a victory but not the way you wanted to win. This week you went out and won it. How much did you want this one in the playoff against the other titan of our league?"
BRYSON: "Had to be done. Jon, there was a very good chance I thought he was going to stiff it. That 3-wood in there, I thought he was going to stiff it. I was fortunate enough to get a good lie. It was muddy, so I'm trying to aim over there, worst case scenario, and I just pulled it again and I knew I'd be okay and get somewhat of a lie. I got a great lie, I dropped it, and I got to place it, luckily, and then had a perfect lie and striped it to the middle of the green, and it fed right over to 12 feet, and I was not going to leave myself a three-footer on that one."
#LIVGolfSouthAfrica | @Crushers_GC
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🇿🇦 You DO NOT want to miss this
🎟️ Tickets go on sale today at 11 AM (local time)
📲 Head to LIVGolf.com to secure yours
#LIVGolfSouthAfrica
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