The South African Reserve Bank will announce its next interest rate decision today, with many economists expecting another hike. Inflation rose to 4.5% in May, driven by higher oil and fuel prices after tensions in the Middle East disrupted shipping through the Strait of Hormuz. The MPC raised rates by 0.25% in May, taking the prime rate to 10.5% and Reserve Bank Governor, Lesetja Kganyago has warned further increases may be needed. For expectations and the Impact of rate hikes on workers. We spoke to FEDUSA General Secretary, Riefdah Ajam.

<p>The South African Reserve Bank will announce its next interest rate decision today, with many economists expecting another hike. Inflation rose to 4.5% in May, driven by higher oil and fuel prices after tensions in the Middle East disrupted shipping through the Strait of Hormuz. The MPC raised rates by 0.25% in May, taking the prime rate to 10.5% and Reserve Bank Governor, Lesetja Kganyago has warned further increases may be needed. For expectations and the Impact of rate hikes on workers. We spoke to FEDUSA General Secretary, Riefdah Ajam.</p>

News and Current Affairs show between 5 & 6 am on SAfm 104 to 107 anchored by Tsepiso Makwetla

First Take SA

A weekly news and current affairs show presented by Elvis Presslin on SAfm 104 to 107 from 5:00 to 6:00 am.

<p>A weekly news and current affairs show presented by Elvis Presslin on SAfm 104 to 107 from 5:00 to 6:00 am.</p>