How the Rate Hike Hits Your Wallet

With the repo rate now at 7% and prime at 10.5%, South Africans are bracing for higher repayments on home loans, car finance, credit cards and store accounts. NDCA Chairperson René Moonsamy explains how the rate hike filters into monthly budgets, why arrears are rising, and which income groups are under the most pressure. A practical, plain‑language guide to navigating a higher‑for‑longer interest‑rate environment.