Author

 
Rene Vollgraaff

Rene Vollgraaff

    Nene may abandon deficit targets as downgrade threat looms
    Nene may abandon deficit targets as downgrade threat looms
    South African Finance Minister Nhlanhla Nene may be forced to abandon his budget-deficit targets as economic risks mount, straining the nation's...
    Low dollar-debt shields SA from weak rand, Nene says
    Low dollar-debt shields SA from weak rand, Nene says
    South Africa’s low dollar debt levels are helping to shield government finances from a weakening rand, Finance Minister Nhlanhla Nene said.
    Rand dive gives power-starved economy no respite
    Rand dive gives power-starved economy no respite
    When South Africa’s rand fell to its previous record in 2001, it fuelled export-led growth that lasted until the global financial crisis. That...
    Rand's fall fails to flummox Lesetja
    Rand's fall fails to flummox Lesetja
    The rand's slide to its lowest point since 2001 isn't proving to be as big a headache for South African policymakers as it was the last time the...
    Reserve Bank hikes repo rate to 6%
    Reserve Bank hikes repo rate to 6%
    South Africa's central bank raised its benchmark interest rate for the first time in a year, following through with warnings to tighten monetary...
    Crunch time for interest rate hike
    Crunch time for interest rate hike
    After months of preparing the market for an interest rate increase, Reserve Bank governor Lesetja Kganyago will make an announcement on...
    Moody's downgrades SA and Fitch could follow suit
    Moody's downgrades SA and Fitch could follow suit
    South Africa's credit rating may be cut to just above junk by Fitch Ratings next month after Moody's Investors Service lowered it on Thursday,...
    Manufacturing sees biggest decline in almost 5 years
    Manufacturing sees biggest decline in almost 5 years
    South African manufacturing declined the most in almost five years in July after a four-week strike disrupted factory output.
    Growth risks mount even as SA dodges a recession
    Growth risks mount even as SA dodges a recession
    South Africa avoiding its second recession in five years is doing little to ease investor concern that economic growth prospects are dimming.
    Inflation exceeds target again
    Inflation exceeds target again
    South Africa's inflation rate was unchanged at 6.6% in June, exceeding the central bank's target for a third month.
    Nene: SA to curb debt growth as economy weakens
    Nene: SA to curb debt growth as economy weakens
    South African Finance Minister Nhlanhla Nene pledged to curb the growth in public debt as economic growth weakens and global interest rates rise....
    Economists kept guessing on Reserve Bank rate call
    Economists kept guessing on Reserve Bank rate call
    Economists are divided over whether South African Reserve Bank Governor Gill Marcus will act to counter above-target inflation, or support weak...