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

South Africans could face higher borrowing costs this week as expectations mount that the South African Reserve Bank will raise interest rates following a rise in inflation to 4%…

MPC divided as rising oil and food costs threaten inflation targets