Inflation fears should have inspired a run on gold, but the asset may have lost its relevance
Food-price inflation has a direct effect on people’s lives — and it hits the poor the hardest
The monetary policy committee has voted to lift the repo rate by another 25 basis points as advanced economies mull policy tightening
Central banks massively underestimated inflation risks as economies bounced back from the pandemic-induced slump
Elevated inflation has become a stubborn feature of the global economy’s recovery from the Covid-19 slump and central banks have been forced to react
Lockdown restrictions will continue to disrupt global value chains and support rising inflation that will require aggressive rate hikes
Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track
The central bank has been criticised for hiking interest rates to the detriment of employment
Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effect
The prevailing message to Americans from political elites across the spectrum is the same one that Biden spelled out in his speech: “That’s just the nature of a modern economy” and we have to deal with it
The decision to hike the repo rate by 25 basis points comes in the wake of red-hot inflation in advanced economies and fears policymakers will start to dial back on accommodative measures
Global inflation has surprised on the upside, which may factor into whether the Reserve Bank’s monetary policy committee decides to raise the interest rate on Thursday
Households are reeling after the fuel price hike, as electricity is set to go up by 15.06% in 2022
Analysts say the Reserve Bank could start tightening monetary policy as early as next month
Inflation rose well beyond the Reserve Bank’s midpoint target in August
In South Africa, a strong trade surplus, buoyed by robust commodity prices, will cushion our economy against pressure arising from US policy
Some 36% of Gauteng households live in poverty, according to a new survey, with poverty levels having shot up during the course of the pandemic
Eskom price hike is ‘unsustainable’
Food inflation was unchanged at 6.7% in July, but remained elevated on continued upward pressure from prices for meat and the oils and fats category.
Higher international oil prices, for example, could affect local transport costs through second-round effects
Last week’s violence will likely slow South Africa’s economic growth, the central bank’s monetary policy committee said on Thursday afternoon
Local firms have struggled to adapt to the regulatory environment and the dynamics of an unpredictable market
Reserve Bank governor Lesetja Kganyago makes a case for a lower target, though the trade union federation prefers job creation
The economy is not producing work, with many young adults working outside their fields of study or considering leaving the country as a result
The South African Reserve Bank governor believes the state has to spur growth, restore the country’s public finances and arrest debt to escape the economic slump
Reserve Bank stands at the ready to act if the rise in inflation threatens to become permanent
Steep fuel price hikes are the result of higher levies, which came into effect this week, as well as a turbulent international oil market
The South African Reserve Bank cautioned that if it was not for load-shedding, the country’s economy could have been stronger
But higher petrol and electricity prices are expected to drive up price inflation throughout the economy
People earning up to R20 000 spend 60% of their salaries paying off arrears, a recent report reveals
The South African Reserve Bank’s MPC has decided to keep the repo rate unchanged, at 3.5%, to let the actions it took last year trickle down into the economy
Economists question the manner in which the transitional government partially cut fuel subsidies