BellRyck E-News | April 2018
In our previous newsletter we touched on the budget speech update, which included the impending increase in VAT (that has since come into effect), fuel levies, estate duties and of course sin taxes.
Since then, we have also seen the repo rate decreased by 25 basis points to 6.5%, adjusting the prime lending rate to 10%, as well as another fuel price hike predicted for Ma y.It is advisable to factor these changes into your monthly budget and long-term financial goals and viewing it as an opportunity to explore and adjust your financial options.
The cost of living is only set to keep on rising. This is especially relevant for regions affected by the drought, where municipal accounts are also set to rise based on consumption and future contingency plans to ensure continued access to water and sanitation.
At BellRyck, it has always been our vision to provide our clients with Lifetime Financial Solutions, along with the peace of mind and administrative support that accompany this manifesto.Please do not hesitate to contact us, if you would like to review any of your financial or insurance-related products. We are here to put you at ease when it comes to your financial portfolio, especially in these often-stressful financial times.