🚨 SARB hikes rates by 25bps (Prime now 10.50%) while petrol prices likely to jump by ~R1.50/L on 3 June —all while salaries remain exactly the same. 💸
Your bank will automatically increase monthly debit orders:
🏠 R800k Bond ➡️ +R134
🚗 R300k Car ➡️ +R38
💳 R100k Loan ➡️ +R12
That’s ~R184 extra gone straight to the bank, plus a massive hit at the pumps. Hang in there, Mzansi!