Aug 14, 2020 | Latest News | 0 comments

Prime Lending Rate

Last week the South African Reserve Bank (SARB) announced a reducing of another 25 basis points on the interest rates in the country and you have probably received communication from the different credit providers about an adjustment in their prime lending rate. The prime lending rate is the interest rate that is charged mostly by commercial banks to their credit customers. Currently, for South Africa it is standing at 7% per annum and this rate forms the basis for most interest rates – from bonds, personal loans to business loans. The lower the prime lending rate, the cheaper it is to borrow and invest the borrowed funds meaning that when the central banks cut the prime lending rates they will be looking at boosting the economy and obviously vice versa. As always, the effect on investments works well with a supporting fiscal policy. (Fundamental Analysis that may affect the performance of the markets.)

MEET THE TEAM

Get to know more about our team members:

Shirstin Gould

Client Services

How long have I been with Stock Market College?

I’ve been with Stock Market College for two years now, and I have learned a lot, grateful for the experience I have with the company.

What do I enjoy about working at Stock Market College?

I enjoy working at Stock Market College because everyday I learn something new and enjoy the dedication everyone has.

How would you describe yourself?

I will describe myself as a calm person, passionate about helping people, a good listener, wonderful Mom and living my life to the fullest.

Financial Markets Course Overview

On completion of the Financial Markets Education course (CFD’s & Forex), the student will have the necessary knowledge needed to trade the markets and have proved themselves competent by evaluation..

START HERE!

A guideline to follow to make your trading journey both exciting and successful.

Trading Room

Sihle will be running the QuickTrade trading room next week Monday to Friday from 09:30 to 13:00 AND 18:00 – 19:00. Join him and advance your trading skills with Zoom, ID 6938111101

CLASS SCHEDULE

Classes run in the evenings and Saturday mornings

Instructions on how to access a class via Zoom can be found here.

QuickTrade Trading Mentors Details

Roger Holdsworth:
TM1
ID: 610-048-7682
Mobile: 061 529 3431 roger@quicktrade.co.za
Sihle Ngema: 
TM2
ID: 975-212-8933
Mobile: 061 520 7588 sihle@quicktrade.co.za
Tawanda Tali: 
TM3
ID: 787-396-5451
Mobile: 061 510 6408 tawanda@quicktrade.co.za
Moses Murwira: 
TM5
ID: 994-404-9137
Mobile: 061 511 0425 moses@quicktrade.co.za
Mongi Khumalo: 
TM7
ID: 283-612-4300
Mobile: 061 501 5643 mongi@quicktrade.co.za
Stanley Makgamathe: 
TM8
ID: 278-284-6381
Mobile: 061 507 0596 stanley@quicktrade.co.za
Zander Van Der Merwe: 
TM9
ID: 444-887-4533
Mobile: 645 086 454 zander@quicktrade.co.za
Sydney Maidza (Botswana):
TM6
ID: 963-106-1298
Mobile: +267 77 559 521 sydney@quicktrade.co.bw
TESTIMONIALS

What our students say

”Hi Afika

I’ve been attending your Classe from lastMonday and would like you se this medium to personally thank you for your well-articulated system of teaching which simplifies the whole stock trading concept. I really enjoy the way you engage each and everyone in the class which makes me feel comfortable to be part of the lessons. Thank you and keep up the good work and will see you again tonight.“

Anthony Ibeanu
CFD Class

Thank you Afika, appreciate the information. Just on a side note, your class this week was nothing shorter than awesome!! A lot of insight and information was shared in such a simple and understandable way! Keep up the good work!

Nico Janse van Rensburg
CFD Class

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Please visit https://sacoronavirus.co.za for more information regarding the Coronavirus in South Africa.
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