“Return your car or review credit agreement,” advises Banking Ombudsman
The Banking Ombudsman says motorists who are struggling to make ends meet should consider returning their vehicle to the bank or renegotiating their credit agreement. The advise comes amid a warning from the South African Reserve Bank Deputy Governor, Fundi Tshazibana, about a possible interest rate hike next month. Last month, the Monetary Policy Committee decided to keep the interest rate steady at 8.25% for a second consecutive meeting. Tshazibana says there are too many risks to the inflation outlook […]