Tag ArchivesFNB


BUDGET 2019: FNB welcomes R950m subsidy for first-time home buyers

By Dr Christoph Nieuwoudt; CEO of FNB Consumer FNB has welcomed the Finance Ministry’s announcement that first-time home buyers will benefit from a R950 million subsidy over the next three years. This is part of the Government’s ‘Our Help To Buy’ initiative to help first-time buyers to own a home. (more…)

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SARB keeps interest rates unchanged

Following the South African Reserve Bank’s (SARB) decision to keep interest rates unchanged, FNB confirms that it will maintain its prime lending rate at 10.25% and will review its position following the next SARB Monetary Policy Committee (MPC) meeting in March 2019. (more…)

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FNB/BER Civil Confidence Index still at very depressed level in 2018Q4

The FNB/BER Civil Confidence Index remained below 20 for the sixth straight quarter, rising by one point to 18 in 4Q2018. The current index level means that more than eighty per cent of respondents are dissatisfied with prevailing business conditions. (more…)

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Xmas 1

Keep your business safe over the festive season

Businesses that are planning to shut down over the festive period should take precautionary measures to ensure their premises are safe and secure at all times. (more…)

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Fuel price pushes inflation to 5.1%

By Mamello Matikinca, FNB Chief Economist. Consumer price inflation rose 5.1% y/y in October from 4.9% in September; this was marginally lower than our expectation of a 5.2% y/y rise. The main driver behind the acceleration was the 99c/l rise in fuel prices, which translated into a 10.5% y/y rise in transport inflation – this […]

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Lee Bromfield, CEO of FNB Life

The importance of releasing a life policy cession

Consumers who have ceded their life policies as security over debt with a financial institution should not overlook the importance of releasing the cession when the debt has been fully settled.  (more…)

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It’s a buyers’ market for house sales

Correctly declare expenses in a home loan application

Consumers who fail to correctly declare expenses when completing a bond application may limit their chances of getting the best home loan deal possible.  (more…)

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Factors to consider about your retirement plans when changing jobs

Many people are more likely to change jobs during their working life. When this happens, individuals must consider the financial implications that comes with changing jobs, especially long-term plans such as retirement planning. (more…)

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