BUSI MAVUSO: Red light flashes over joblessness amid interest rate hike
Spikes in petrol and power prices are hitting consumers hard
21 November 2021 - 17:21
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...
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