BUSI MAVUSO: Red light flashes over joblessness amid interest rate hike
Spikes in petrol and power prices are hitting consumers hard
Last week’s interest rate increase of 25 basis points should serve as a flashing warning light.
The effects of surging global inflation arrived on our shores with a major jolt through the R1.21/l hike in the petrol price early this month, taking it to a record high. Combined with the jarring 15% hike in electricity prices this year, consumers are being hit hard...