Seeff Chairperson Samuel Seeff expressed disappointment at the decision of the Monetary Policy Committee of the Reserve Bank to hike the repo rate by 25 basis points to six percent.
The prime lending rate jumps from 9.25% to 9.5%.
Seeff reckons this is out of step with the economy and bad news for consumers, homeowners and buyers.
The Money Show presenter Bruce Whitfield interviewed Seeff.
Scroll down to listen to the audio.
This article first appeared on 702 : Property mogul disappointed with Sarb decision to hike interest rates