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Interest Rate Hike

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Latest Interest Rate Hike Will Plunge South Africans Into New Levels Of Desperation

The announcement today by the South African Reserve Bank’s (SARB.) Monetary Policy Committee (MPC) of the steepest repo rate hike since September 2002 of a shocking 75 basis points as it moves to curb accelerating inflation and protect the weakened rand, will see consumers pushed to a whole new level of desperation. That is the […]

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