The central bank has maintained price stability but needs to focus on growth given the high unemployment rate.
The South African Reserve Bank is unlikely to cut interest rates next month, because of inflationary pressures that lie ahead
American consumers and workers will feel the pain induced by the tariffs imposed on countries around the world
For an agricultural sector that depends on international markets, short-term protectionist measures offer little benefit and erode long-term competitiveness
The monetary policy committee said it remains vigilant amid risks to inflation outlook on the global and domestic front
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
Tax bracket over-inflation has led to income inequality and less money for essential services
This was despite the central bank highlighting upside risks to the inflation outlook
Consumers should spend cautiously, despite the positive outlook for the year
Data from Statistics South Africa showed that the CPI annual rate braked to 2.8% – a four-year low
This is the lowest reading for inflation in South Africa since April 2021
Prices have increased by over 30%, favouring gold-producing countries like South Africa, but structural issues are dampening opportunities
This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band
Massive proposed electricity price increases will leave many South Africans having to choose between buying food or having power
Statistics South Africa data released on Wednesday showed that the CPI annual rate was 5.1% in June compared with 5.2% in May
Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range
Still-sticky inflation could further delay long-awaited interest rate cuts
Delivering the unanimous decision, central bank governor Lesetja Kganyago cited a still uncertain global outlook
Supplies of various crops globally are abundant, but the exchange rate could affect prices because South Africa imports large quantities of wheat, rice and palm oil
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
Consumer inflation has eased but is still not comfortably within the central bank’s target of 3% to 6%
The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023
The US Federal Reserve’s ‘higher for longer’ stance and local election jitters have weighed on the rand, adding to price pressures
It’s not a straightforward answer, but Julius Malema should have been able to at least estimate
Egypt has a history of food insecurity leading to revolution, as its leaders know all too well
Inflation is now expected to return to the Reserve Bank’s midpoint target at the end of 2025, later than previously forecast
Today’s monetary policy committee meeting comes in the wake of a surprise acceleration in South Africa’s annual inflation rate
The consumer price index rose 5.6% year-on-year in February and was at 1.0% month-on-month
Having its roots in gold, the diversified mining company has been shielded from the PGM price crash
The International Monetary Fund has slashed South Africa’s 2024 growth forecast as the country’s economy grapples with logistics constraints
The favourable rainfall and an expected increase in the planting area bodes well for agriculture