FNB, one of SA’s four largest banks, has called on consumers to better understand the real cost of home ownership, which includes bond repayments and the highest borrowing costs in more than a decade, before making the long-term financial commitment.

The SA Reserve Bank, which meets later this month, has kept interest rates steady at 8.25% since May 2023 after a cumulative increase of 475 basis points over the 10 prior meetings. Interest rates were at 3.5% in September 2021...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.