What does it mean for the or­di­nary per­son?

CityPress - - Business -

In­ter­est rates could in­crease. This means you will pay more to bor­row money – whether it is a home or car loan, or money you bor­rowed from a loan shark

Depend­ing where you money is in­vested, your sav­ings and in­vest­ments could be

worth less. So will your pen­sion

Your earn­ings will have less buy­ing

power ow­ing to the de­pre­ci­a­tion of the rand and the re­sult­ing higher in­fla­tion

You may need more gov­ern­ment sup­port (grants, low fee schools, public hos­pi­tals), but there will be less money avail­able for gov­ern­ment to spend

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.