The South African Reserve Bank is unlikely to cut interest rates next month, because of inflationary pressures that lie ahead
For an agricultural sector that depends on international markets, short-term protectionist measures offer little benefit and erode long-term competitiveness
With inflationary pressures heightened, the Reserve Bank might take a cautionary approach regarding its interest rate decision on Thursday
The South African Reserve Bank has warned of an upside risk to the inflation outlook
This is the lowest reading for inflation in South Africa since April 2021
This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band
While we could see food price inflation remaining relatively softer in the coming months, there are some possible upside price risks on bread and cereals and meat.
Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range
Delivering the unanimous decision, central bank governor Lesetja Kganyago cited a still uncertain global outlook
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023
The consumer price index rose 5.6% year-on-year in February and was at 1.0% month-on-month
Food price inflation contributed 2.4 percentage points to the annual rate of 7.1%
Telkom plans to retrench 15% of its employees across the group as the sector rebalances after the online boom during the pandemic
The decrease will probably lead to the South African Reserve Bank being less aggressive with rate hikes next week
This week a spotlight is shone on a potential interest rate hike, inflation statistics and retail trade sales
Households are reeling after the fuel price hike, as electricity is set to go up by 15.06% in 2022
Higher international oil prices, for example, could affect local transport costs through second-round effects
The low consumer price inflation could lead the central bank to cut interest rates, says economists
For the first time since 2011, the United States has not made the list of top 20 countries perceived to be least corrupt in the world
Fuel prices have been steadily increasing since April due to a combination of higher global oil prices, higher fuel taxes and a weakening rand
Besides wanting more goods to be zero-rated, the federation is upping public sector wage demands
The inflation rate has dropped to 5.3% because of the lower oil price, but consumers shouldn’t embark on a spending frenzy just yet.
The repo rate hike will probably increase the price of residential rentals and could affect the Consumer Price Index, says FNB.
South Africa’s economic indicators have been a mixed bag, with some numbers spelling doom and gloom, and others suggesting a better year than last.
The Consumer Price Index annual inflation rate in December 2013 has surprised the market, having come in just marginally higher than in November.
Monetary policy decisions by the US Federal Reserve and SA Reserve Bank will keep economists and investors on the edge of their seats this week.
Inflation figures came in higher than expected as businesses — and consumers — face a potential spate of government-controlled price increases.
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/ 21 September 2011
South Africa’s targeted consumer inflation was unchanged on a year-on-year basis in August and below market expectations.
Annual headline inflation came in softer than expected in April, boosting views of analysts who expect interest rates to remain on hold through 2011.
The Reserve Bank will have to time interest rate tightening carefully as inflation was high in March and retail sales growth slowed in February.
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/ 16 February 2011
Consumer inflation accelerated in January, in line with consensus, official data showed on Wednesday, pushed up mainly by higher food and fuel costs.