Those South Africans in debt are set to face further pain later TODAY with interest rates widely expected to be hiked.
The South African Rand strengthened on Monday amid relief that South Africa’s credit rating was not downgraded and bets on a large interest rate hike, with a central bank announcement the main focal point of the week.
Those South Africans in debt are set to face further pain later this week with interest rates wildly expected to be hiked.
Those South Africans in debt are set to face further pain in a fortnight with interest rates expected to be hiked.
Traders raised bets that the SARB will continue its interest-rate hiking cycle next month after inflation unexpectedly quickened in March.
The South African rand held steady against the dollar early on Friday, trading at its strongest level in more than a month after the rate hike forecast.
the second interest rate hike this year is going to have a major impact on vehicle finance payments and how people actually buy cars.
The pound held steady on Thursday, and was heading for its biggest monthly gain versus the dollar since November.
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) will announce a decision on interest rates on Thursday, 26 January.
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) will meet this week to announce a decision on interest rates.
Life’s hard at the best of times – but at the moment it will be feeling even more so for many South Africans.
Zimbabwe will keep the world’s highest interest rate into next year as it prioritises economic stability ahead of high growth rates.
The Reserve Bank’s Monetary Policy Committee has lifted the repurchase rate from 5.5% to 6.25% in a further blow to South Africans in debt.
With the prices of everyday essentials, such as petrol and oil, going up, it’s important to find ways to survive the high cost of living.