{"id":7558,"date":"2026-10-22T13:53:22","date_gmt":"2026-10-22T11:53:22","guid":{"rendered":"https:\/\/mypr.co.za\/?p=194440"},"modified":"2026-10-22T13:53:22","modified_gmt":"2026-10-22T11:53:22","slug":"two-rate-hikes-have-already-hit-your-wallet-how-much-more-will-a-third-cost","status":"publish","type":"post","link":"https:\/\/mypr.co.za\/mail\/two-rate-hikes-have-already-hit-your-wallet-how-much-more-will-a-third-cost\/","title":{"rendered":"Two Rate Hikes Have Already Hit Your Wallet. How Much More Will a Third Cost?"},"content":{"rendered":"
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Head of National Debt Advisors Sebastien Alexanderson shows what two hikes have added in rands, what a third would cost, and what to do before the Reserve Bank announces its decision.<\/em><\/p>\n

The Reserve Bank raised the repo rate to 7% in May and to 7.25% in September. Prime is now 10.75%, up from 10.25% at the start of the year. For households already stretched by fuel, food and electricity costs, the extra 0.5 percentage points have landed on top of budgets that had no room left.<\/p>\n

The Monetary Policy Committee announces its next decision on 19 November. Head of National Debt Advisors Sebastien Alexanderson said many households still hadn\u2019t worked out what the two hikes cost them.<\/p>\n

\u201cMost people hear \u2018a quarter of a percent\u2019 and think it\u2019s small,\u201d says Alexanderson. \u201cIt isn\u2019t, when it comes out of the same salary every month. Two hikes mean the bond and the car loan both cost more, and the money has to come from groceries, school costs, or savings that are already thin.\u201d<\/p>\n

National Debt Advisors calculated what the two hikes have added to two common loans, assuming both are priced at prime, and the rate rose from 10.25% to 10.75%.<\/p>\n

What two hikes have added<\/strong><\/p>\n