Kaya 959 Kaya Biz

More financial pain for consumers as Reserve Bank hikes interest by 75bps.

Loading player...
The SA Reserve Bank's Monetary Policy Committee on Thursday hiked interest rates by 75 basis points, adding three quarters of a percentage point to what just about everyone pays on their debt.

The big-jump increase in rates – the biggest single increase in interest rates since 2002 – comes just after Statistics South Africa announced the highest rate of consumer inflation South Africa has recorded in 13 years.
21 Jul 2022 7AM English South Africa Business News · Investing

Other recent episodes

Pick n Pay trims it’s first half loss over 30%

Pick n Pay’s latest interim results point to encouraging signs in one of South Africa’s most closely watched retail recovery stories. CEO Sean Summers joins Kaya Biz to discuss improved profitability, Boxer’s standout performance, online sales growth, labour restructuring and the milestones investors should watch as the turnaround plan moves…
26 Oct 1PM 16 min

Beyond the Mini-Budget Speech 2026: Decoding Treasury’s Signals

The Medium-Term Budget Policy Statement offers one of the clearest snapshots of South Africa’s fiscal health and economic trajectory. We speak to Deloitte Africa’s Le Roux Roelofse about the key takeaways from Treasury’s latest projections, whether the country is striking the right balance between fiscal discipline and growth, and what…
26 Oct 12PM 16 min

The Mental Health Cost of Financial Stress

Financial stress has emerged as one of the biggest threats to South Africans' mental wellbeing. Dr Rachel Moore, Chief Medical Officer at Mediclinic Southern Africa, discusses the psychological impact of economic pressure, barriers to accessing mental healthcare and what can be done to reduce stigma and improve support.
22 Oct 2PM 12 min

KPMG Africa CEO Outlook: Confidence vs Execution

African CEOs remain confident about growth despite geopolitical tensions, economic uncertainty and disruptive technological change. Tola Adeyemi, CEO of KPMG One Africa, unpacks why execution has become the defining leadership challenge, and why many organisations are still struggling to keep pace with artificial intelligence
22 Oct 1PM 20 min

South Africa’s Economic Report Card After the MTBPS

Finance Minister Enoch Godongwana's Medium-Term Budget Policy Statement paints a mixed picture of South Africa's economy. Revenue collection is outperforming expectations, and fiscal stability appears to be improving, yet growth forecasts have been downgraded amid infrastructure constraints and global risks. Dr Nwabisa Kolisi of the HSRC unpacks what the MTBPS…
22 Oct 12PM 9 min
All episodes