High rates call for steel nerves
By Jean Temkin
WE KNOW rates will be raised at the June 12 monetary policy meeting - the question is by how much. Some pundits are looking at a 100 basis-point rise, but with April's year on year CPIX rising to 10,4%, Reserve Bank governor Tito Mbweni's 200 basis point threat looks highly likely.
With the pressures on day to day living expenses expected to get worse, make sure that your finances are in order.
Check that your savings accounts and bank accounts are giving you what you think they are.
Compare whether your credit card is providing the best possible deal.
Review your vehicle insurance and your life insurance.
Consider whether a personal loan might be neccessary to consolidate your debt. Seek debt management before it is too late.