08/06/2026
🚗 South African motorists are paying more for fuel, more for insurance and now more for vehicle finance.
The latest rate hike is bad news for anyone with a car payment, but it may also be the perfect time to revisit an agreement you signed years ago.
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South African motorists have been dealt another blow following the South African Reserve Bank's decision to increase interest rates by 25 basis points. While the increase may appear small on paper, it comes at a time when households are already under pressure from rising fuel costs, food inflation,