Public pays price of dodgy data
From Business Report
By Ethel Hazelhurst
Delays in changing the way inflation is calculated have cost South African households thousands of rands in unnecessary interest rate hikes this year.
Oh happy days! Inflation should be only 8.7% instead of the reported 10.9%. This may mean less interest rate hikes, but you should still health check your finances, open a savings account and compare your credit cards. The outlook is a bit brighter, but there are still tough times ahead.