In South Africa, the financial services industry is highly regulated to protect consumers and maintain stability in the economy. The main regulatory frameworks that govern our industry include the Financial Sector Regulation Act (FSRA) and the Companies Act, among others.
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Bond origination is a complex process that requires a deep understanding of the financial market, risk management techniques and credit analysis. In this blog post, we will provide an in-depth look at credit analysis and risk management.
Fluctuations in property value and interest rates can also affect prospective buyers. With the current increase in interest rates, the cost of financing rises, and demand for credit weakens over time, resulting in lower house prices. As house prices decline, it can be a good time to purchase property, provided you have enough financial leeway to withstand the risk of potential further interest rate hikes.
The current economic climate in South Africa has many prospective and current homeowners worried about rising interest rates and the cost of living, and applying for a bond may seem like something only a select few can afford to do.
To understand what your home loan repayment is made up of (in terms of principal and interest), you first need to understand compound interest, and how it works in reverse for debt.
The unfortunate reality is that structural damage can happen to anyone. Such damage can be caused by fire, floods, hail, lightning, and burst geysers or pipes. Although building insurance can feel like a grudge purchase to some, having it prevents homeowners from digging into their life’s savings to pay for structural damage.
When it comes to buying and selling property in South Africa, both the buyer and the seller have certain financial obligations. It is crucial to know what these obligations are before pursuing the transfer of property is crucial and will help you prepare for it before you sign a contract.
Our independent bond originators in South Africa have been following the market closely and aim to put your mind at ease as we explain how home owners, landlords, and tenants can still benefit from staying in the property market.
There’s a sense of uncertainty out there. Inflation is rising, interest rates have just been increased and share prices have dropped. Predictions of a possible recession are looming. It’s easy for purchasers looking to buy a property to get disheartened, but it’s more important to consider short-term market announcements in the context of long-term economic trends.
The good news is that buying land in South Africa as a foreigner is possible. However, there are a few things to be aware of if you are a foreigner wanting to invest in property in South Africa. In this article, we answer some of the questions you might have about buying land in South Africa as a foreigner.
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