The Reserve Bank’s decision to hike or not to hike interest rates is most acutely felt in this segment of society, people who are first-time home or vehicle buyers and more often than not, credit card holders
‘Make interest rates zero and inflation goes up and then people save less – we need savings to fund investment in this country’
New governor designate of the SA Reserve Bank, Lesetja Kganyago, will have to deal with steadily rising inflation and lacklustre economic growth.
Current deputy governor Lesetja Kganyago has been appointed as Gill Marcus’ replacement when her term as head of the bank ends in November.