Phoenix Bonds West Rand

20/03/2025

▪RATE ANNOUNCEMENT▪

With the CPI inflation stabilising over the last 3 months up to Feb 2025 (3.0%, 3.2% and 3.2% respectively), it seems the MPC have opted for a conservative decision today and kept interest rates unchanged, with the prime rate lingering at 11%.

Although our nominal rate is close(ish) to the rates experienced in a stable market during 2015-2016, the real interest rate (adjusted for inflation) is still way too high.

This could be a reason why sentiment and the property market has still been slow to respond.

More info in our recent blog:
https://www.phoenixbonds.finance/Insights/entryid/1922/what-is-the-real-interest-rate-and-what-does-it-mean

17/12/2024

Rising high and embracing every moment! 🦅🔥 This Recreational Day, let's celebrate the beauty of life, community, and the spirit of togetherness. Here's to enjoying the little things, creating memories, and making every second count. 🇿🇦💫
Let's honor the joy of living and the strength we find in each other.

30/10/2024

🌟 Choose Phoenix Bonds as Your Bond Originator! 🌟

Why settle for less when you can have expert guidance and personalized service? At Phoenix Bonds, we navigate the complexities of the bond process for you, ensuring the best rates and terms. With our dedicated team by your side, you can unlock your dream home faster and with confidence.

Let’s make your property journey seamless! 🏡✨

26/09/2024

Exciting news for South Africa! 🌍✨

With the recent interest rate drop, it's time to rethink your financial goals and make the most of this opportunity. Whether you're considering a new home, investing, or saving, now’s the moment to act! 💡💰

02/09/2024

*Why a shorter term? *

With a shorter term, you'll generally pay less in interest over the life of the bond. This is because interest is typically calculated on the principal amount for a shorter period, resulting in lower overall interest payments.

25/08/2024

22/08/2024

~INFLATION SLOWING

After holding steady for ten months in the 5–6% range, annual consumer price inflation slowed to 4.6% in July from 5.1% in June. The July inflation print is the lowest in three years since July 2021, when the rate was also 4.6%.

21/08/2024

~ RAND 'GOING STRONG'

The South African rand strengthened to a nearly 13-month high on Monday, ahead of the release of domestic inflation data today (for July)

Yesterday the rand was trading 0.7% firmer at 17.7375 against the dollar, a level not seen since late July 2023.

Today's report on July inflation figures will provide hints on the MPC's future interest rate path, and we anticipate good news...

18/08/2024

~ FUEL PRICES
Good news for motorists, even better news for inflation.

From Jan to May 2024, petrol prices shot up by R3.00/L, which had a resulting effect on South Africa’s CPI inflation rate. The CPI started the year at 5.3%, then jumped up in February to 5.6%, before returning to 5.3%. In June CPI inflation had slipped to 5.1%.

With another 66 cents per litre cut expected for September, the total price reduction since June will total R3.14, giving motorists a small but positive swing in prices of around 14c/L since the start of the year.

With petrol prices dropping, the CPI is expected to drop even lower, to under 5.0% in July, and then closer to 4.5% over the rest of the third quarter of the year.

This, no doubt, is a sign for a decent interest rate reduction in Sept and general easing of household budgets.

It’s never been a better time buy.

05/08/2024

~ NEW TRAINING REGULATIONS FOR AGENTS

With so many changes, it’s difficult to keep up with the training requirements for both new and existing candidate property practitioners. Read our blog article for an overview summary of the latest releases from the PPRA, updated 14 June 2024:

https://www.phoenixbonds.finance/Insights/entryid/854/applicable-training-regulations-for-candidate-property-practitioners