Commentators are cautiously positive about the treasury’s decision to use the Gold and Foreign Exchange Contingency Reserve Account
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After the release of the December inflation data, Investec chief economist Annabel Bishop said the Reserve Bank is likely to remain hawkish amid upside risks
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This year will finally see interest rates fall. But whatever relief the Reserve Bank administers, it will have come too late for some
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Despite inflation coming within a hair’s breadth of 6%, there is still reason to believe that the central bank will hold interest rates this week
Inflation accelerated to 4.8% year-on-year in August, up from 4.7% in July, according to data from Statistics South Africa
The improvement in confidence was helped by the change in attitude of affluent consumers, who were spooked by severe load-shedding and the Russian cargo ship debacle in the previous quarter
A boost to manufacturing and agriculture’s rebound has seen the country’s GDP expand 0.6% quarter-on-quarter
Interest rates will probably remain much higher than their pre-pandemic average, as the Reserve Bank guards against ongoing inflation risks
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South Africa, and the world, seem to be emerging out of an inflation-induced economic malaise. But as the world heats up, so will prices
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The country’s economy expanded 0.4% in the first quarter, but analysts warn not to expect growth or recovery anytime soon
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The rand strengthened ahead of Wednesday’s inflation data, but it still held above R19 against the dollar
Later this month the South African Reserve Bank will decide how big a rise the country’s flailing economy can take
The finance minister’s commitment to toeing the line may send positive signals to ratings agencies, but at what cost?
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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
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The government has shown that it is willing to explore introducing a basic income grant, which would mark a big step towards achieving growth
The country’s energy crisis stands to shave two percentage points off growth in 2023
The increase will probably add to the South African Reserve Bank’s hawkishness, with analysts expecting another large repo rate hike on Thursday
Eskom, Transnet and the public sector wage bill will feature large in next week’s medium-term budget policy statement
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But prices are expected to remain higher for longer in the wake of a tighter oil market
Global dynamics and South Africa’s energy crisis will weigh on domestic growth for years to come. But green investment could, eventually, resuscitate the economy
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The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression
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Consumer inflation is expected to remain close to the central bank’s 6% ceiling, amid war-induced oil price rally
The treasury is meeting rating agencies that identified the public service compensation as a threat to South Africa’s credit outlook
Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effect
Global inflation has surprised on the upside, which may factor into whether the Reserve Bank’s monetary policy committee decides to raise the interest rate on Thursday
Analysts say the Reserve Bank could start tightening monetary policy as early as next month
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In South Africa, a strong trade surplus, buoyed by robust commodity prices, will cushion our economy against pressure arising from US policy
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The mining industry is riding a wave that will eventually crash, analysts warn
Any gains made at the beginning of the year could be undone as the protests and the ongoing Covid-19 lockdown threaten business confidence
An Investec economist says government’s planned R3-trillion spend on infrastructure must include the private sector if it is to lead to job creation.
President Jacob Zuma has announced that all of the new South African bank notes will bear the image of former president Nelson Mandela.
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/ 2 December 2011
This week gross domestic product (GDP) figures indicated a continued trend of slow economic growth with inflation on the rise.