Latest News with South Africa Rate Hike tag

South Africa Rate Hike Negative Impact on Consumers

7th February 2016

South Africans are feeling the financial pain after the Reserve Bank decided recently to hike the interest rates by 50 basis points from 6.25% previously, up to 6.75%. This is the first interest rate hike this year in a series of multiple rate hikes that will follow and push the benchmark rate to 11% by […]