What the latest interest rate hikes mean for the average household debt in South Africa - BusinessTech
7/27/2022 12:00:00 AM2 years 9 months ago
by https://www.facebook.com/BusinessTechSA
by https://www.facebook.com/BusinessTechSA
After the latest interest rate hikes economists want to know exactly how much more the average South African consumer will pay at the end of the month.
The South African Reserve Bank (SARB) has hiked rates by 200 basis points since its hiking cycle started in November 2021, putting indebted consumers on the block for thousands of rands. Francois St… [+2122 chars]
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