While another interest rate increase would place additional pressure on household budgets, it should be viewed in the context of the Reserve Bank's broader objective of maintaining long-term economic stability.
Many South Africans may find themselves on the edge of their seats as speculation grows that another hike could be on the cards.
This is as the country prepares for the next interest rate announcement by the South African Reserve Bank later this month.
A decision of an interest-rate again will not come as a surprise following the South African Reserve Bank’s (SARB) decision in May, says Adrian Goslett, CEO and regional director of REMAX Southern Africa.
"Many homeowners and prospective buyers will be hoping for some relief when the Monetary Policy Committee meets later this month, but the SARB has to look beyond the immediate impact on consumers and focus on keeping inflation under control and ensuring long-term economic stability.”
