South Africans aren’t coping: expert

The latest 25 basis point increase by the Reserve Banks Monetary Policy Committee (MPC) is another blow to South Africans whose salaries are dropping while the cost-of-living is rising, experts say. The warning signs are coming from all sectors of society, but are most prevalent in industries dealing with debt, like the property market. According […]

Cash crunch for consumers as interest rate and fuel price hikes forecast by economists

By Yogashen Pillay Durban – Economic experts expect another interest rate hike to be announced today. The predicted hike comes as unaudited data from the Central Energy Fund suggests there will be fuel price increases announced next week. Professor Bonke Dumisa, an independent economic analyst, said it was highly likely that the Reserve Bank would […]