Homeowners dealt new blow with interest rate hike spiking by 50 basis points
Homeowners were dealt a new blow on Thursday, 30 March when the South African Reserve Bank (SARB) announced its decision to hike the interest rate by a shocking 50 basis points. While some economists were expecting a 25 basis point increase, the Reserve Bank blamed a number of factors for the increase, including loadshedding. https://twitter.com/SAReserveBank/status/1641428929268404226?s=20 Lesetja Kganyago, Reserve Bank Governor said inflation pressures remain risky, adding that loadshedding is pushing […]