SA Reserve Bank hikes rates again

JOHANNESBURG - The Reserve Bank has raised interest rates by another 50 basis points.

This puts the repo rate at 8.25-percent, and the prime lending at 11.75-percent.

WATCH: Inflation eases but another rate hike likely

The Monetary Policy Committee was unanimous on this decision.

Stubbornly high inflation, with persistent power cuts, was a key factor.

The Reserve Bank Governor, Lesetja Kganyago says South Africans will benefit later from their tough stance now.