South African Reserve Bank (Sarb) governor Lesetja Kganyago said on Thursday it will raise the repo rate by 25 basis points to 6.25%, citing concerns over a weak rand and rising inflation.
Economist, Xhanti Payi shares his concerns about the impact the rate hike will have on South Africans, especially small business owners with 702's John Robbie.
Listen to the conversation below:
In the meantime, a 702 listener, Paul Buckley shares savings tips that received a lot of thumbs up from other listeners.
Listen to Paul's savings tips below: