The South African Reserve Bank (SARB) has decided to increase the repo rate by 25 basis points to7.25 % meaning the prime lending rate will increase to 10.75%.

This follows a meeting of the Bank's Monetary Policy Committee. Increasing oil prices are the main driver behind the increasing inflation rate amid continued hostilities in the Middle East and Russia's full-scale invasion of Ukraine. 

The inflation rate is expected to increase to above 5% later this year or early next year. For a perspective on what this could mean for consumers who already stretched to the limit, Thami Ngubeni spoke to Harry Scherzer - CEO at Future Forex.

The South African Reserve Bank (SARB) has decided to increase the repo rate by 25 basis points to7.25 % meaning the prime lending rate will increase to 10.75%.
This follows a meeting of the Bank's Monetary Policy Committee. Increasing oil prices are the main driver behind the increasing inflation rate amid continued hostilities in the Middle East and Russia's full-scale invasion of Ukraine.&nbsp;
The inflation rate is expected to increase to above 5% later this year or early next year. For a perspective on what this could mean for consumers who already stretched to the limit, Thami Ngubeni spoke to Harry Scherzer - CEO at Future Forex.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.