Smack in the wallet
20 November 2015 - 02:33
South Africans will have to dig deep to keep afloat after yesterday's interest rate hike of 25 basis points to 6.25%. The decision by the Reserve Bank to raise the rate at which it lends money to commercial banks is going to hurt your pocket. It means the prime lending rate is now 9.75%.Here's where it will hurt most.
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