Increasingly difficult times lie ahead and inflation fears outweigh concerns about economic growth.
A rate hike is on the cards, economists say, ahead of a monetary policy committee meeting this week.
The Reserve Bank putting rates up by 0.25% was enough to boost investor confidence and rally the local currency bond market.
The recent rates hikes by distressed emerging markets are also due to a slowdown in China.
GIll Marcus’s surprise announcement that the repo rate will increase to 5.5% is in line with recent actions taken in other emerging economies.
Resources tend to be the best-performing sector during a rate-hike cycle.
The rate hikes are coming — and there are ways to get smart that put money in your pocket, not the bank’s.