Newzroom Afrika | Repo rate increased by 50 basis points

Benay Sager, DebtBusters Head, speaks about the impact of staggering 50 basis points rates hike on consumers and those in debt. Consumers are using 2/3 of their take home pay on Debt. South African consumers are really feeling squeezed because of the interest rates and the inflation, In the last two years, consumers rarely have the money to spend on luxury items. Watch the full clip below.