The SARB's first interest rate hike in November 2021, following almost two years of record low interest rates, signaled a change in the interest rate cycle earlier than many experts had expected, with further increases planned in each quarter of 2022, 2023 and 2024.
Rising interest rates have a significant impact on the economy, and certainly on businesses across sectors, impacting cash flow, the cost of and access to credit, as well as the businesses’ customers and their spending patterns, all of which also affects business planning.
Let’s have a look at how the interest rate increases will affect your company and share some thoughts on how you can buffer your business against them…
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