A contrarian investor is one who attempts to profit by investing in a manner that differs from the conventional wisdom, when the consensus opinion appears to be wrong.
"Make it your mission to understand & invest wisely. Everyone has the potential to succeed in their search for true wealth & happiness & everyone can be successful in their pursuit of financial freedom." Contrarian Invest
Tuesday, 7 August 2012
South Africa Interest Rate
Africa Interest Rate
The benchmark interest rate in South Africa was last reported
at 5 percent. Historically, from 1998 until 2012, South Africa Interest Rate
averaged 13.6 Percent reaching an all time high of 24.0 Percent in June of 1998
and a record low of 5.5 Percent in November of 2010. In South Africa, the
interest rates decisions are taken by the South African Reserve Bank’s Monetary
Policy Committee (MPC). The official interest rate is the repo rate. This is
the rate at which central banks lend or discount eligible paper for deposit
money banks, typically shown on an end-of-period basis. This page includes a
chart with historical data for South Africa Interest Rate.