Despite ongoing volatility, the monetary policy committee revised its 2023 headline inflation forecast down slightly
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However, inflation will probably remain elevated into next year
As the world changes, so are the trends that influence your investment decisions, but long-term planning remains key
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
Central bank governor Lesetja Kganyago said the job of tackling inflation was not done yet
A boost to manufacturing and agriculture’s rebound has seen the country’s GDP expand 0.6% quarter-on-quarter
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 Reserve Bank has already lifted rates 10 times since November 2021
Price hikes mean fewer people are able to put nutritious food on the table, experts warn
The trend of wealth departing our shores is severely discouraging and political and economic reform is needed to stem the tide
Tighter financial conditions will hurt an economy already brought to its knees by the government
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 recent rand crash has led some to believe another 50 basis point rise is on the horizon, despite a view that further hiking will do little to tame inflation
Used vehicle prices soared amid supply-chain constraints, creating a boom that some experts have speculated may be about to go bust
The turmoil, which some say was inevitable given aggressive hiking cycles, exposes the dependency of advanced economies on cheap credit
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
Telkom plans to retrench 15% of its employees across the group as the sector rebalances after the online boom during the pandemic
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
The ruling party has repeated its proposal to nationalise the central bank’s ownership and mandate, but says it must be done in a way that is conscious of costs
Rising interest rates and living costs deal a double blow to the poor
The market is set to slow as consumers feel higher bond costs but the slump will not be as dramatic as in economies where buoyancy is the rule not the exception
Workers are in the throes of a cost of living crisis, which could force the government to fold on its hard line against more spending
Stay vigilant and really understand what higher interest rates mean for you, says one expert
US shares were battered earlier in the week by consumer price index data showing widespread inflation pressures
Maybe an inflation mid-point target of 4.5% is too low for a developing country such as South Africa to allow higher levels of growth so desperately needed
Global dynamics and South Africa’s energy crisis will weigh on domestic growth for years to come. But green investment could, eventually, resuscitate the economy
High food and fuel prices have prompted trade unions to make bigger wage demands, which will exert upward pressure on longer-term inflation
There is a lot bearing down on South African consumers and, without growth, the economy stands to decline