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
Governor Lesetja Kganyago underlined the deleterious effect of inflation, which the monetary policy committee has revised higher, on the pockets of the poor
The shelves in grocery stores have become more forbidding since the pandemic, but economists believe that there is some hope on the horizon
State health workers will remain cash-strapped as the government battles to rein in its massive public sector wage bill
Analysts expected inflation to continue on a downward trajectory in February after falling to 6.9% in January; instead, it reached 7%
As consumers and businesses reel from tough conditions, insurers have expressed uncertainty over whether there is room for growth
As the deteriorating economic conditions threaten to ignite another bout of social upheaval, we should consider our options for a co-ordinated blaze
The biggest highlight of the budget was the support to aid individuals and businesses to source alternative energy sources
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 inflation rate fell for a third consecutive month, as petrol price cuts provided some welcome relief
The country’s energy crisis stands to shave two percentage points off growth in 2023
Other factors are inflation and interest rate hikes while load-shedding has affected key sectors
Two reports reveal what bosses and businesses worldwide are most concerned about. In South Africa, Eskom and cyber risks are big concerns
Reserve Bank’s inflation forecast likely to be pushed up, with Eskom set to increase the price of electricity by 18.65% from April
The decrease will probably lead to the South African Reserve Bank being less aggressive with rate hikes next week
The cost of living is not showing signs of moderating in the first quarter of this year and consumers need to be money savvy to stay afloat
While hopes are high that China will return to growth after ending its zero-Covid policy, it still faces many economic challenges
The ANC has made the call for more flexible monetary policy before, but has dithered in seeing it through