Maryna holds the BA, LLB, LLM degrees and is a Director at the Cape Town branch of STBB. She is an admitted Attorney, Notary Public, Conveyancer and Insolvency Practitioner with many years of experience in the fields of property law, conveyancing and the laws relating to corporate compliance (especially in respect of the FICA and POPIA laws). Up until 2018 she was also head of the firm’s national marketing portfolio. She is a seasoned public speaker and presenter, both in person and online. She prepares text for the majority of STBB’s internal and external publications and is editor and co-writer for two pivotal publications in the South African real estate industry – the ABC of Conveyancing (JUTA) and Delport’s South African Property Law and Practice (JUTA).

Newsflash | Interest rate increase

South Africa’s central bank this afternoon announced that interest rates will be hiked – to a 13-year high – with 50 basis points. This raises the key rate from 7.25% to 7.75%. In turn, the prime lending rate (the rate of interest commercial banks charge their clients when granting a loan), will increase from 10.75% to 11.25%

Market experts attribute the rate hike to inflation. Stats SA published the latest inflation numbers on 22 March 2023, which showed a slight uptick in headline inflation to 7% (up from 6.9% in January), with core inflation accelerating to 5.2% (from 4.9%).

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