More pain on the way
From Business Report
Measures to deal with surging consumer prices would hurt but the Reserve Bank policy makers were not "inflation nutters", Tito Mboweni, the governor of the bank, said in an article published yesterday.
Mboweni said the reasons for an acceleration in inflation were broader than just food and fuel costs.
Credit conditions are tightening. Now is the time to take stock of your finances. Check that your credit card is helping rather than hindering you. Update your vehicle finance to get the best deal. Look at how you service your debt costs and consider consolidation. Interest rates will rise and the banks will follow.
Check out your bank account to see if it will change your liabilities with the new interest rate. If you want to pay off your debt with a personal loan, compare the options to get the best deal.