The South African Reserve Bank held fast to its tightening cycle this week, raising the repo rate by 0.25% and pushing the prime lending rate up to 7.75%, largely in line with expectations.
Bigger interest rate hikes are coming: economist businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.
Bad news for South Africa s wealthy and middle-class businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.
South Africa's Consumer Confidence Index (CCI) declined from -9 to -13 index points in the first quarter of 2022 due to the Russian-Ukrainian conflict and other factors, said the First National Bank (FNB) Thursday. The FNB said this is the lowest since the second quarter of 2021 when the government…