News in South Africa 21st July: 1. Financial stress climbing: A survey of more than 35 000 people has revealed that 55% spend more than 40% of their take-home pay on debt repayments, while 37% say more than half their available income goes straight to servicing debt. Nearly 80% of respondents say that they “experience […]
News in South Africa 20th July: 1. Division over interest rate hikes: Economists are divided over whether South Africa’s central bank will pause interest-rate increases on Thursday, or extend its longest phase of monetary tightening since 2006. Deteriorating inflation expectations, currency risks and enhancements to the South African Reserve Bank’s quarterly projection model, used to […]
