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Here’s how Thursday’s interest rate hike affects YOUR pocket

What does today’s (Thursday, 23 July) interest rate hike mean for your pocket?

The Money Show presenter Bruce Whitfield interviewed Personal Finance Journalist Maya Fischer-French.

Scroll down to listen to the audio.

This is good for savers and retirees!

Maya Fischer-French

This is the start of more rate hikes. We’ll probably see another 100 basis points within a year.

Maya Fischer-French

South Africa has a low VAT rate compared to the rest of the world.

Maya Fischer-French

If it wasn’t for corruption and Eskom it wouldn’t have been necessary to raise taxes.

Maya Fischer-French

This article first appeared on 702 : Here’s how Thursday’s interest rate hike affects YOUR pocket


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