Few economists will question the wisdom of the Reserve Bank's 50 basis point increase announced on Thursday 28 January 2016. The increase came as no surprise.
The definition of a privileged South Africans should be ‘those who don’t have to kneel and beg in front of a bank manager or loan shark every January.’
The 2015 student protests brought a victory for all, the waiving of any increases in fees. The shortfall is to be picked up by government and universities’