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
Lower prices are good insofar as inflation is concerned but they suggest that economic troubles lie ahead
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
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
Last year was dismal on a number of fronts. And although things probably won’t get exponentially better, there is some hope on the horizon
We can now evaluate the harvest of 2023
Fraud monitors have cautioned about increased scams during the intense shopping period
Despite ongoing volatility, the monetary policy committee revised its 2023 headline inflation forecast down slightly
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
However, inflation will probably remain elevated into next year
The old trade winds are blowing again and we must take notice, writes editor-in-chief Ron Derby
Data released on Wednesday showed that the annual rate accelerated to 5.4%, from a previous reading of 4.8%
As central bankers in the advanced world unite over the ‘higher for longer’ mantra, the Reserve Bank cautions against raising targets amid still-high inflation
Factors like inflation and interest rates must be monitored carefully
Clothing and footwear have been the largest contributor to retail trade since October 2022
In the wake of a food affordability crisis, prices at retail level are not controlled and the government is at arm’s length
The livelihoods of people selling produce are being threatened by the high food prices
Central bank governor Lesetja Kganyago said the job of tackling inflation was not done yet
Inflation accelerated to 4.8% year-on-year in August, up from 4.7% in July, according to data from Statistics South Africa
With interest rates at a 14-year high, many South Africans have depleted their emergency savings
A boost to manufacturing and agriculture’s rebound has seen the country’s GDP expand 0.6% quarter-on-quarter
The Reserve Bank governor said lower inflation gives central banks more room to respond to economic shocks
Speakers at the South African Reserve Bank’s biennial conference seemed to favour a ‘higher for longer’ approach to interest rates amid ongoing economic uncertainty
Interest rates will probably remain much higher than their pre-pandemic average, as the Reserve Bank guards against ongoing inflation risks
The country’s sector should be robust enough to survive renewed global risks
The inflation rate eased to 4.7%, the lowest since August 2021
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
A report has found that young people have taken on more credit in the first quarter of 2023 compared with last year