More financial pain for consumers as Reserve Bank hikes interest by 75bps.

The SA Reserve Bank's Monetary Policy Committee on Thursday hiked interest rates by 75 basis points, adding three quarters of a percentage point to what just about everyone pays on their debt. The big-jump increase in rates – the biggest single increase in interest rates since 2002 – comes just after Statistics South Africa announced the highest rate of consumer inflation South Africa has recorded in 13 years. <a href="https://kaya959.co.za">Kaya 959</a>