Rate Cut Brings Only Marginal Relief for Cash-Strapped South Africans

Debt Rescue says the Reserve Bank’s decision to keep the repo rate at 7% is a heavy blow for already debt-ridden consumers. While not unexpected, the move means there will be no immediate relief for households under immense financial strain. Debt Rescue’s Chief Operating Officer, Annaline van der Poel, says that even though inflation has […]

Debt Rescue says SARB’s decision not to cut interest rates hits struggling consumers, as essential costs remain high despite slight inflation relief.

Debt Rescue says the Reserve Bank’s decision to keep the repo rate at 7% is a heavy blow for already debt-ridden consumers. While not unexpected, the move means there will be no immediate relief for households under immense financial strain. Debt Rescue’s Chief Operating Officer, Annaline van der Poel, says that even though inflation has […]