How to get a home loan when you are self-employed Can a self-employed person get a home loan in South Africa? The simple answer is yes. But the bank or the financial institute will have certain requirements that self-employed person has to meet. These are similar to the rules that registered companies must follow. The moment you earn an extra income, the South African Revenue Service sees it as a business income and you are expected to have financial statements and pay taxes. Before you apply for a home loan, first find out what amount you qualify. Determine exactly what the bank would need from you before you apply. This would speed up the process and the bank doesn't have to wait for outstanding documents that you probably don't have and still have to search for. If you're applying for a home loan as a self-employed person , then these tips can streamline the process and increase your chances of approval. These are the things to do before you apply for the home loan....
A Big Announcement about BRICS Currency Is expected in the upcoming BRIC...
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Russia Confirms BRICS is Creating a Currency Backed by Gold. This will fast-track the de-dollarization of all BRICS nations and the Brics development Bank member countries.
According to Russian broadcaster RT News, Russia has reported that BRICS is set to create a trade currency that is backed by gold.
This is to reduce reliance on the US dollar Recently at the Paris climate summit, the South African president Cyril Ramaphosa said to the Brazilian President Lula da Silva "Don't worry the issues of currency" would be discussed at the upcoming BRICS summit in Johannesburg, South Africa. At this upcoming BRICS summit, there is an expected big official announcement to be made regarding a gold-backed trade BRICS currency.
These new developments have come with just a month until the official summit takes place. At this upcoming BRICS summit in South Africa, it is expected that the discussions and implementation action plan of a BRICS currency, and expansion will dominate the discussion. The story of the creation of the BRICS currency has been one of the more interesting stories of the year so far.
The BRICS story is very worrisome to the US government, notably so to Helen Yellen and Joe Biden. Nevertheless, the upcoming summit set to take place in Johannesburg will be immensely vital for the bloc. We know that expansionary efforts will be front and center. However, Russia has reportedly confirmed that the BRICS will create a trade currency that is backed by gold. Russian broadcaster RT News has noted that the currency will be officially announced at the August summit in Johannesburg, South Africa.
The discussion of a BRICS currency to counter the greenback has long been considered by the bloc. It appears now that there are plans for a trade currency that could be pegged to gold. The move would continue de-dollarization efforts that the bloc has embraced throughout the year. Though Yellen is trying in all her media briefings, to play it down as a non-issue. Already the de-dollarisation has already started among some BRICS member states.
Where they are trading with each other using their own national currencies.For example India and Russia, China and Brazil, and many more. By so doing they are reducing the cost of doing business by exclusion of the US dollar. For most of these developing countries buying US dollar reserves is more expensive, because of their weak currencies to the dollar. BRICS has firmly embraced growing its Chinese yuan reserves, so it will be interesting to see how the importance of gold could factor into its participating nations.
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