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 |
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| 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