ISAAH MHLANGA: Populist ‘revolutionary’ policies would plunge SA into irreversible decline
SA is not immune to the risks of managing rising inflation
The Reserve Bank hiked interest rates by 75 basis points this week to 5.5%, bringing the cumulative hikes since it began increasing them from an all-time low of 3.5% in November 2021 to 200 basis points, two-thirds of the 300 basis points it cut when Covid-19 hit.
There are outcries from those who see the Bank as anti-development, anti-poor and antirevolutionary, as it is choking economic growth and job creation by hiking rates...
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