# Build One South Africa says the seven-percent interest rate increase will make life harder for households and businesses already under financial pressure. The party argues the 25-basis point hike will raise debt repayments when many people are already struggling to get through the month. BOSA’s Roger Solomons says the government must urgently focus on economic reforms to boost growth, create jobs, and reduce living costs, as higher interest rates alone will not resolve the country’s economic challenges.
BOSA warns repo rate increase worsens cost-of-living crisis