The lowering of SA interest rates
The interest rate is the amount of interest due per period as a proportion of the amount lent, deposited or borrowed. They key rate is the rate at which the private sector banks borrow from the central bank. A higher than expected reading should be taken as positive for the local currency and a lower than expected reading as negative for the local currency.
Yesterday the SARB cut interest rates by another 50 basis points (0.5%) and this has been done shortly after another 100 basis points (1%) cut to combat the effects of COVID-19 on the economy. The lower financing costs can encourage borrowing and investing.
Refer to you to your Fundamental Analysis module to learn more about the affect of Interest Rates.
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Trading Room
Izander 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
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: 061 505 2313 | sydney@quicktrade.co.za | |
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