Margate has become a popular choice for home buyers, with bumper sales during Ea South Africans may soon feel renewed pressure on their wallets as economists warn that rising inflation could force the Reserve Bank to increase interest rates again.
The domestic financial sector finds itself at a critical crossroads.
This is as the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) prepares to deliver the May interest rate announcement on Thursday.
The early months of the year sparked optimism for a steady rate-cutting cycle, escalating geopolitical tensions in the Middle East and subsequent global oil shocks have rapidly shifted the narrative.
While South Africa's housing market continues its steady recovery trajectory, growing global uncertainty and persistent energy cost shocks look set to push the SARB toward a pre-emptive 25-basis-point interest rate hike.
