News and Media
IN OUR NEWSROOM
![Thabani Ndwandwe](/static_file/SBG/Assets/Img/SA/Newsroom/Thabani_Ndwandwe_Portrait_SQ_300x300.jpg)
Economic
24 Jul 2024
Falling interest rates will help homeowners facing challenge of growing administrative costs
The easing inflationary environment locally and globally has raised the prospect that the South African Reserve Bank may cut interest rates in the third quarter of the year, with Standard Bank forecasting two interest cuts by the end of the year. While the cut in rates, the first time since the outbreak of the pandemic will reduce monthly mortgage commitments, higher administrative and home servicing cost such as rates and taxes will keep clients under pressure.
![Doret Jooste](/static_file/SBG/Assets/Img/SA/Newsroom/Doret_Jooste_Portrait_SQ_300x300.jpg)
Economic
17 Jul 2024
Estimated 29% of emerging high-income South Africans don't have emergency savings, Standard Bank data shows
South Africa’s tough economic conditions have left many consumers struggling to build emergency cash savings. According to Standard Bank data, more than half (52%) of entry level private banking clients have less than one month of their salary saved in immediately accessible cash savings available, to use in the event of unforeseen circumstances such as retrenchments or urgent medical procedures. Without the savings, many have had to resort to debt, eroding their ability to start building wealth over the long term.
![Become financially literate](/static_file/SBG/Assets/Img/SA/Bizconnect/691573537_Portrait_sq.jpg)
Become financially literate
Achieve your personal goals with our useful tips and articles on budgeting, financing, investing and more.
![Business resources and insights](/static_file/SBG/Assets/Img/SA/Bizconnect/BizConnect_300x300.jpg)
Business resources and insights
BizConnect provides information and advice to businesses of all sizes - whether small or large, from start-ups to global enterprises.
Financial Reporting
View up-to-date information on all our key performance indicators.
Media Library