economy
South African consumers may be faced with steeper loan repayments as the SA Reserve Bank (SARB) has not ruled out implementing yet another interest rate hike next month, making life difficult amid volatile economic and financial conditions.
The SARB’s Monetary Policy Committee (MPC) on Thursday delivered a surprise 50-basis point hike on sharply higher inflation forecasts, raising the cost of borrowing to its highest in nearly 14 years.
Of the 20 economists surveyed by
