Was raising interest rates the right decision? He says "yes", she says "no"...

The South African Reserve Bank (Sarb) announced on Thursday that it’ll hike interest rates by 25 basis points.

The repo rate, the interest charged by Sarb to banks, will rise to six percent. The prime lending rate, the interest charged by banks to customers, will jump to 9.5%.

The Money Show’s Bruce Whitfield interviewed Dr Adrian Saville, Chief Investment Strategist for Citadel.

Whitfield also spoke to Annabel Bishop, Chief Economist at Investec, who on Wednesday warned against an interest rate hike.

Scroll down to listen to the audio.

This is a good decision by the Sarb. Their primary mandate is to protect the value of our currency.

Dr Adrian Saville

Investment spending is blissfully ignorant of interest rates. Using rates to try and spur growth is not the way to go. We have to look much more broadly at things that choke economic development.

Dr Adrian Saville

This is going to moderate already depressed confidence in the economy.

Annabel Bishop

Inflation is not demand led.

Annabel Bishop

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
'We gave away 800 refurbished suits for people going to an interview'

'We gave away 800 refurbished suits for people going to an interview'

The Money Show’s Bruce Whitfield interviews four reps from businesses that are sacrificing some profit for the good of society.

How do you have sex in space? John Maytham on his new book ‘Rapid Fire’…

How do you have sex in space? John Maytham on his new book ‘Rapid Fire’…

Bruce Whitfield interviews famed CapeTalk presenter John Maytham about his new book "Rapid Fire: Remarkable Miscellany".

3 JSE shares you should consider buying right now (by JM Busha Investment Group)

3 JSE shares you should consider buying right now (by JM Busha Investment Group)

The Money Show’s Bruce Whitfield interviews JM Busha Investment Group Managing Director Joseph Busha.

EOH fell by 55% (while we were watching Steinhoff). Here’s why…

EOH fell by 55% (while we were watching Steinhoff). Here’s why…

What’s behind the stunning fall of the EOH share price? Bruce Whitfield interviews Traders Corner share trader Garth Mckenzie.

Why the SARB should not hike interest rates on Thursday

Why the SARB should not hike interest rates on Thursday

Investec’s Chief Economist is adamant that the Reserve Bank’s Monetary Policy Committee should not hike interest rates.

'My mandate is clear: protect the value of the rand in YOUR pocket!' - Kganyago

'My mandate is clear: protect the value of the rand in YOUR pocket!' - Kganyago

The newly appointed SARB Governor eats, sleeps and breathes protecting the value of the rand in the interest of long-term growth.

Popular articles
South Africans Doing Great Things |  Nkosinathi Nkomo

South Africans Doing Great Things | Nkosinathi Nkomo

Wasanga speaks to Co-founder of AquaRenu, Nkosinathi Nkomo about turning a problem into an opportunity.

Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?