Growth to slow further as rate hikes slam economy
By Ethel Hazelhurst
From Business Report
Growth would slow further as the effect of interest rate hikes in April and last month fed through to the economy, the University of Stellenbosch's Bureau for Economic Research (BER) said yesterday. The news from the BER is not all bad.
With interest rates not expected to come down until the middle of next year, you still have some tough times in front of you. Consolidate your debts and open a savings account, transfer your credit card and pay off the principal, seek debt management early rather than too late.