The South African Reserve Bank has raised interest rates by 25 basis points and warned of further hikes if inflation pressures escalate due to global uncertainties and rising fuel prices.

South African consumers may face a challenging June as the Reserve Bank is expected to raise interest rates amidst rising inflation and the gradual removal of fuel levy relief,…

South Africans may face higher home loan and borrowing costs as economists increasingly expect the South African Reserve Bank to raise rates this week.