Inflation is now expected to return to the Reserve Bank’s midpoint target at the end of 2025, later than previously forecast
This content is restricted to registered users and subscribers.
Get Your Free Account
The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member.
Register
Registration enables:
- – M&G newsletters access
- – notifications
- – the best possible experience
Already registered?
Login here
Want to subscribe and get even more benefits?
Explore our subscription offers
Today’s monetary policy committee meeting comes in the wake of a surprise acceleration in South Africa’s annual inflation rate
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- – M&G community membership
- – independent journalism
- – access to all premium articles & features
- – a digital version of the weekly newspaper
- – invites to subscriber-only events
- – the opportunity to test new online features first
Already a subscriber?
Login here.
David Fowkes, who was appointed as an adviser to the governors last December, has worked for the Reserve Bank since 2013
Governor Lesetja Kganyago suggested the central bank will look for the inflation rate to fall within its target before it administers relief
This content is restricted to registered users and subscribers.
Get Your Free Account
The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member.
Register
Registration enables:
- – M&G newsletters access
- – notifications
- – the best possible experience
Already registered?
Login here
Want to subscribe and get even more benefits?
Explore our subscription offers
Despite ongoing volatility, the monetary policy committee revised its 2023 headline inflation forecast down slightly
This content is restricted to registered users and subscribers.
Get Your Free Account
The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member.
Register
Registration enables:
- – M&G newsletters access
- – notifications
- – the best possible experience
Already registered?
Login here
Want to subscribe and get even more benefits?
Explore our subscription offers
Central bank governor Lesetja Kganyago said the job of tackling inflation was not done yet
The inflation rate eased to 4.7%, the lowest since August 2021
Sticky inflation in major economies suggests that average interest rates will remain high and upside risks to the domestic inflation outlook remain
The slowdown will probably influence the central bank’s decision on interest rates
The Reserve Bank has already lifted rates 10 times since November 2021
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- – M&G community membership
- – independent journalism
- – access to all premium articles & features
- – a digital version of the weekly newspaper
- – invites to subscriber-only events
- – the opportunity to test new online features first
Already a subscriber?
Login here.
A higher cost of borrowing is generally good for bank profit margins – until it isn’t
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- – M&G community membership
- – independent journalism
- – access to all premium articles & features
- – a digital version of the weekly newspaper
- – invites to subscriber-only events
- – the opportunity to test new online features first
Already a subscriber?
Login here.
The headline rate eased to 6.3% year-on-year in May, down from 6.8%
The trend of wealth departing our shores is severely discouraging and political and economic reform is needed to stem the tide
Whatever hope was ignited among investors by the idea of a Ramaphosa presidency has mostly been snuffed out
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- – M&G community membership
- – independent journalism
- – access to all premium articles & features
- – a digital version of the weekly newspaper
- – invites to subscriber-only events
- – the opportunity to test new online features first
Already a subscriber?
Login here.
Reserve Bank governor Lesetja Kganyago underlined the need for short-term pain in the interest of long-term gain
The rand strengthened ahead of Wednesday’s inflation data, but it still held above R19 against the dollar
The recent rand crash has led some to believe another 50 basis point rise is on the horizon, despite a view that further hiking will do little to tame inflation
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- – M&G community membership
- – independent journalism
- – access to all premium articles & features
- – a digital version of the weekly newspaper
- – invites to subscriber-only events
- – the opportunity to test new online features first
Already a subscriber?
Login here.
The currency, which is usually a bellwether for other emerging markets, has diverged from global trends – thanks in large part to
the energy crisis
Governor Lesetja Kganyago underlined the deleterious effect of inflation, which the monetary policy committee has revised higher, on the pockets of the poor
Analysts expected inflation to continue on a downward trajectory in February after falling to 6.9% in January; instead, it reached 7%
Later this month the South African Reserve Bank will decide how big a rise the country’s flailing economy can take
The utility’s R400 billion debt has fed into the country’s 15-year energy crisis and low growth potential, which has been identified as a key credit weakness
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- – M&G community membership
- – independent journalism
- – access to all premium articles & features
- – a digital version of the weekly newspaper
- – invites to subscriber-only events
- – the opportunity to test new online features first
Already a subscriber?
Login here.
One year on, the Kremlin’s impact appears to be retreating — but, amid uncertainty about the global economy’s growth trajectory, risks to inflation remain
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- – M&G community membership
- – independent journalism
- – access to all premium articles & features
- – a digital version of the weekly newspaper
- – invites to subscriber-only events
- – the opportunity to test new online features first
Already a subscriber?
Login here.
The inflation rate fell for a third consecutive month, as petrol price cuts provided some welcome relief
The country’s energy crisis stands to shave two percentage points off growth in 2023
Reserve Bank’s inflation forecast likely to be pushed up, with Eskom set to increase the price of electricity by 18.65% from April
The decrease will probably lead to the South African Reserve Bank being less aggressive with rate hikes next week
Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- – M&G community membership
- – independent journalism
- – access to all premium articles & features
- – a digital version of the weekly newspaper
- – invites to subscriber-only events
- – the opportunity to test new online features first
Already a subscriber?
Login here.
Prices have slowly retreated from their July peak, when inflation increased at its highest rate since 2009
Growth in the third quarter is encouraging, but analysts have cautioned against viewing the data as a sign of the economy’s improved health
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- – M&G community membership
- – independent journalism
- – access to all premium articles & features
- – a digital version of the weekly newspaper
- – invites to subscriber-only events
- – the opportunity to test new online features first
Already a subscriber?
Login here.
Analysts were expecting far more modest GDP growth, considering the mixed bag of economic data for the third quarter
Consumer inflation hit 7.6% year-on-year in October, bucking the downward trend that had been anticipated after the July ‘peak’