The implications of the 75 basis points(bp) hike on Small Businesses

In an effort to curb swelling inflation which currently stands at 6.9%, the South African Reserve Bank (SARB) has decided to increase interest rates by 75bp bringing the repo rate to 7% and the prime lending rate to 10.50% effective 25 November 2022. This decision by the SARB is expected to carry well into 2023 until the inflation rate is under control. The Governor of the South African Reserve Bank (SARB), Lesetja Kganyago warned of high inflation rate and slow economic growth, thus they are under pressure to hike rates and to protect the rand’s value.

Click here to read more

Stay Connected

Sign up for our newsletter to get all of the latest content and news on our upcoming events and specials.

  • This field is for validation purposes and should be left unchanged.

2020 Brew by Coffee Creative Studio