eNCA interviews Annaline van der Poel about the increasing cost of living

Cost of living rises with new repo rate increase

By Ernest Mabuza Fuel prices across the board are set to increase in February, says AA. You will have to pay more to service your home loans, vehicle finance and credit as the Reserve Bank yesterday announced another increase in the interest rate. Reserve Bank governor Lesetja Kganyago said that the repurchase rate had been […]

Sarb goes easy on SA

By Ina Opperman 25 Basis Point Hike: 3/2 vote split for smaller repo rate increase. 50bps was forecast and ‘some minor fine-tuning could be forthcoming’. The repo rate is increasing by only 25 basis points (bps) and not 50, due to the near-term risk of load shedding to the economy. Three members of the monetary […]

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 […]

Middle-class South Africa is drowning

The recent repo rate hike by the South African Reserve Bank (SARB) raises more alarm bells for the most credit-stressed South Africans, says consumer strategy and research company Eighty20. The group’s latest data points to Middle-Class Workers – a segment of 4.1 million adults earning typically between R8,000 and R30,000 per month – feeling the […]