SARB Hikes Repo Rate Amid Inflationary Storm

The South African Reserve Bank (SARB) has ratcheted up the financialpressure on already stretched households, hiking the repo rate by 25 basispoints to 7.25% and taking the prime lending rate to 10.75%.SARB GovernorLesetja Kganyago pointed directly to the inflationary fallout from the globalenergy shock as the primary driver for the tightening cycle. With imminentOctober petrol and […]

Private label gains ground as South African shoppers rethink value

Debt Rescue CEO Neil Roets said the rising living costs was concerning forhouseholds already under financial strain. “In the face of the expectedOctober petrol and diesel price increases, driven by global energy marketinstability and rand weakness, which will impact transport, distribution, andfood prices worsening inflationary pressures, the accumulated impact willplace already financially stretched South African […]