A response to the article ‘Tax the superrich and raise inflation to cut state debt, inequality and poverty’ in the M&G on 10 November
The richest 10% of South Africans own over 85% of all private wealth and a once-off 25% tax would reduce government debt by more than half. Imagine what a five-year wealth tax could do
Business Unity South Africa is eager to talk to its social partners at Nedlac about how the spiralling public-sector wage bill can be tamed. And the organisation says these talks need to happen soon
Three members of the South African Reserve Bank’s Monetary Policy Committee(MPC) have decided to keep rates unchanged at 3.5%
Although economists say there is room now for SARB to cut the repo rate in order to strengthen the economy – the central bank kept it unchanged
The rate also helps target inflation. The recent inflation rate is at 4.3% — which is well within the central bank’s target of 3% – 6%
Figures released by Statistics South Africa showed that CPI increased, mainly because of the increased cost of transport and insurance.
The SARB has more than 700 shareholders spread across the world with the second highest number of shares in German hands
The National Energy Regulator of South Africa announced that Eskom’s tariffs will increase by 9.4% in 2019, 8.1% in 2020 and 5.2% in 2021
The power utility will get much less than it asked for, but the new tariffs will still bust pockets
Having long failed to establish a stable political system, the government of President al-Bashir has presided over a prolonged economic crisis
The South African Reserve Bank’s monetary policy committee will be announcing its repo rate decision on Thursday
Zimbabwe’s economy is in dire straits. President Emmerson Mnangagwa has promised to stabilise the economy ‘soon’ but not everyone is optimistic
The South African Reserve Bank needs to guide the market on how it is going to treat VAT increase in its inflation targeting approach
South Africa’s gross domestic product has rebounded with 2.5% growth for the second quarter of the year.
Drought, global shortages and over-enthusiastic banting mean the commodity is in short supply
The rand has strengthened 15% against the dollar this year after losing over 25% of its value in 2015.
High turnover makes the food shops in central Johannesburg survive.
But a fiscal consolidation plan should ease the pressure on the country’s currency in the longer term.
The low oil price has eased headline inflation, but analysts warn that pressure remains and food prices are likely to keep rising this year.
Inflation figures are good, but uncertainty over the oil price raises a question about interest rates.
A range of crucial economic factors will have a bearing on the monetary policy committee’s decision to be announced on Thursday.
The IMF will update its global economic outlook this week, while investors look at a rates decision in Nigeria and inflation numbers in South Africa.
Inflation in Africa’s second biggest economy has bust out of the Reserve Bank’s target band again in May.
Zimbabwe needs to repair its relations with Western powerhouses in order to get it economic development back on track, says a report.
The SA Reserve Bank forecasts consumer inflation in the continent’s number two economy will average 6.3% in 2014. Here’s your economic week ahead.
The rand is down and inflation is up, but has not yet breached the Reserve Bank’s upper target range.
SA will release last month’s inflation figures, while economists keep tabs on Ukraine since Sunday’s vote by Crimeans to join the Russian Federation.
ANALYSIS: A frail currency pushes up inflation and has no effect on productivity.
Ghana’s central bank will meet two weeks earlier than planned, to decide how to respond to a weaker currency and inflationary pressures.
Derivatives used to speculate interest rates tumbled after South African inflation was found to be lower than expected.
Following the Central Bank of Nigeria’s announcement of its rates decision, investors will turn their attention to SA’s latest inflation figures.