US interest rate hikes by a quarter percentage point

US Federal Chair Janet Yellen raised its key interest rate on Wednesday for the first time in 2016 by a quarter percentage point.

Economists have projected that more increases will follow in the next few years.

CapeTalk's Sumitra Nydoo spoke to Sasha Naryshkline, Portfolio Manager Vestact Asset Managementabout about how this hike will affect other countries especially South Africa.

To hear more on how the US interest rate hike will affect South Africa, listen below:


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