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Finance

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Your bond repayments just got heavier: SARB hikes repo rate to 7%
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Your bond repayments just got heavier: SARB hikes repo rate to 7%

South Africans are tightening their belts as the Reserve Bank pushes the repo rate to 7% today. With inflation biting hard, this decision means your home loan, car instalment, and credit card payments are about to get significantly more expensive. Here is what you need to know about your shrinking monthly budget.