Why South Africa’s middle class is feeling the pain of high interest rates

The SA Reserve Bank (Sarb) has announced that the interest rate will remain unchanged, for the fourth time in a row.
The decision by the Monetary Policy Committee (MPC) comes after Wednesday's announcement that annual consumer price inflation eased for the second consecutive month, to 5.1% in December.
Delivering the MPC statement, Governor Lesetja Kganyago said the repo rate will remain at 8.25%.
This means the prime lending rate stays at 11.75%.
Bruce Whitfield speaks to Jaco Van Jaarsveldt, head of Commercial Strategy at Experian Africa.
This interview originally aired on 25 January 2024.
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[@pholoshomokoena5078]

We are not middle class, we are working class and 2-3 salaries away from being homeless

[@pierredewet9156]

It is really tough - disposable income is so little