“E.s.” commented on my earlier post: Too Good To Be True about the ridiculous proposition for turning lead into gold (offering fixed rates home loans in the South African Rand at 6% interest). The interesting thing here is that since Rudco’s initial plans were announced, interest rates have ticked up several points, and are likely to increase further in December (consensus from the market is currently around 50bps) and quite possibly again early next year. I’m sorry E.s., you clearly haven’t been reading the blogs and comments here and other places. To repeat the four themes: The business model is not viable therefore you should expect problems sooner or later. Rudco are in contravention rules, regulations and judgements,…