INSIDE YOUR POCKET: What to consider before taking loans in the new year.

The South African Reserve Bank’s (SARB) recent decision to hike interest rates by 75 basis points to 7% for 2022 is the third consecutive hike by such a margin and the seventh hike in a row. The decision to increase the repo rate was mostly because the inflation rate has approached and reached the top of the inflation targeting band. <br /> <br /> These hikes ultimately have an impact on consumers, and it is, therefore, important to be careful about spending this year. <a href="https://kaya959.co.za">Kaya 959</a>