IS IT NOT SUICIDAL TO HOLD RATES AGAINST FEE FLOW INFLATION The Reserve bank has just unleashed a doiser to those who want to borrow money by letting RIPO unchanged on the back of the ever depreciating currency. What this means is you and me will be borrowing to speculate also. Our currency is depreciating and it makes more sense to export than import now. In the absence borrow and buy a strong asset like properties even cars because the money that you will return to banks a year from now will be less if you exchange your asset in another currency. On another note Namibia`s economy failed to pick as anticipated due to low uptake from our trading partners. Relying only from our mine for forex reserve is proving costly. Energy and metal prices are down but unfortunately we cant benefit fully from energy low price because of the currency issues. NEED TO BE SAVVY INVESTORS NOW TO SUCCEDD
Posted on: Thu, 20 Jun 2013 12:46:14 +0000
Trending Topics
Recently Viewed Topics
© 2015