The impact of the interest rate hikes on consumers.

The governor of the Reserve bank The SARB’s Monetary Policy Committee (MPC), Mr Lesetja Kganyago announced that MPC decided to increase the repurchase rate by 50 basis points to 4.75% per year, with effect from the 20 of May 2022. We now shift our focus to how the interest rate hike will have a direct impact the pockets of consumers. We are joined by Farzana Botha, from Sanlam Savings for her insights on this. <a href="https://kaya959.co.za">Kaya 959</a>