Still-sticky inflation could further delay long-awaited interest rate cuts
As the 14 days to announce a coalition government commences, investors are nervous and the rand is flat
The US Federal Reserve’s ‘higher for longer’ stance and local election jitters have weighed on the rand, adding to price pressures
Today’s monetary policy committee meeting comes in the wake of a surprise acceleration in South Africa’s annual inflation rate
Commentators are cautiously positive about the treasury’s decision to use the Gold and Foreign Exchange Contingency Reserve Account
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
This year will finally see interest rates fall. But whatever relief the Reserve Bank administers, it will have come too late for some
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
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
The country’s economy expanded 0.4% in the first quarter, but analysts warn not to expect growth or recovery anytime soon
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?
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
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
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
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
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
In South Africa, a strong trade surplus, buoyed by robust commodity prices, will cushion our economy against pressure arising from US policy
The mining industry is riding a wave that will eventually crash, analysts warn