adding pressure
Bonny Fourie
Much has been said about South Africa reaching the peak of its interest rate cycle but there is a strong possibility of an interest rate hike at the end of the month.
Property experts are predicting a hike of 0.25%, or 0.5% at the most, and if this materialises, then it could be another nasty shock for consumers.
Some hope remains that the rate could be unchanged, but as was seen last month, nothing is certain until the announcement is made.
FNB’s view is that interest rates have reached their peak and will remain unchanged “from here onward until well into 2024”, says property economist John Loos.
“Therefore, in the near term, we don’t expect any change in the direct
