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Saturday, June 10

Rising interest rates leave South Africans nursing big headache

By Maingi GichukuApril 22, 2023Updated:April 22, 2023 Industry and Trade No Comments5 Mins Read

The Reserve Bank of South Africa.

Since November 2021, the South African Reserve Bank has been hawkish, stamping its authority in the financial markets to tackle escalating inflation, which stood at 7.1 percent in March, driven by a steep increase in food prices.

Anchor Stockbrokers Capitec Charnel Collin FNB National Debt Advisors (NDA) CEO Nedbank premium SA Banks raise impairment charges South Africans bad debt

Maingi Gichuku is passionate about helping African businesses grow by offering technology solutions. With a BSC in Zoology and biochemistry, Gichuku yearns for an Africa that can find solutions to its challenges. My drive is to see an economically dynamic Africa and embrace its populations by creating opportunities cutting across the social and economic strata.