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Rudolf-Mahoney

WESBANK SOUTH AFRICA INTEREST RATE ANNOUNCEMENT NOVEMBER 2015

INTEREST RATE ANNOUNCEMENT NOVEMBER 2015 19 November 2015 – WesBank notes the Reserve Bank’s decision to hike the interest by 25 basis points, bringing the effective repo rate to 6.25%. The prime lending rate will change to 9.75%.

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car-sales

WESBANK – ECONOMIC SLOWDOWN AFFECTS NEW VEHICLE SALES

01 September 2015: The slowdown in economic growth, combined with interest rate hikes, has negatively impacted South Africa’s new vehicle sales. According to the latest figures from the National Association of Automobile Manufacturers of South Africa (Naamsa), sales of new vehicles during August declined 8.2%, year-on-year. A total of 51 055 new vehicles sold in August, […]

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