![[TOP STORY] The impact of rising rates on cash and equity investments](https://i.headtopics.com/images/2022/7/28/moneyweb/top-story-the-impact-of-rising-rates-on-cash-and-equity-investments-1552617417091780613.webp)
[LISTEN] It's very important for consumers to try to reduce/avoid unhealthy debt, which is usually short-term eg credit cards, unsecured loans: Samukelo Zwane of FNBSA on MoneywebNow. investing interestrates inflation Download the podcast
SIMON BROWN: I’m chatting with Samukelo Zwane, product head at FNB Wealth and Investments. I want to touch on the impact of rising rates on cash and equity investments.
As you’ve just mentioned, your consumer goods are faced with a situation [where] consumers do not have enough disposable income to spend. So there won’t be enough walking into the shops so that they can be purchasing, which will truncate into a lower upper line in terms of their income statement, and that’s going to translate into lower valuations. So they will definitely be affected in that particular way.
SIMON BROWN: And we’ve certainly seen the evidence, and and it’s no surprise, that consumers are struggling. It’s not just the fact that rates are higher – and of course, if you’ve got debt, that means you’re paying more – but it is that inflation coming through and any consumer-facing business right now is going to be finding a much tougher environment out there.
We always advise, as well, when we are sitting with consumers, that you should have a healthy financial lifestyle.
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