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
Sticky inflation in major economies suggests that average interest rates will remain high and upside risks to the domestic inflation outlook remain
The slowdown will probably influence the central bank’s decision on interest rates
South Africa may well need to consider new sources of rice imports
The price of diesel is, however, set to increase, further fuelling inflation
The prices of cereals, meat, fish, fruit oils and fats will moderate but the rand/dollar exchange rate remains a risk
The headline rate eased to 6.3% year-on-year in May, down from 6.8%
The trend of wealth departing our shores is severely discouraging and political and economic reform is needed to stem the tide
The Reserve Bank governor had to defend interest rate hikes against criticism that they will do little to temper sticky inflation
Reserve Bank governor Lesetja Kganyago underlined the need for short-term pain in the interest of long-term gain
The Reserve Bank’s decision to hike or not to hike interest rates is most acutely felt in this segment of society, people who are first-time home or vehicle buyers and more often than not, credit card holders
The rand strengthened ahead of Wednesday’s inflation data, but it still held above R19 against the dollar
In a five-year review of take-home pay, BankservAfrica found that the average salary has not kept pace with inflation
The head of the central bank urged the government to stay committed to structural reforms, especially with regard to logistics and electricity
Pick n Pay’s chairperson has called out government’s inaction on resolving the country’s structural economic decline
Consumers must brace for more food price increases as retailers battle with input costs