Any VAT increase is probably off the table, leaving the treasury to look for revenue without bringing the coalition to the brink
A third consecutive interest rate cut will help stimulate the economy, but the central bank will also be cautious about inflation pressures
Statistics South Africa data released on Wednesday showed that the CPI annual rate was 5.1% in June compared with 5.2% in May
Still-sticky inflation could further delay long-awaited interest rate cuts
Today’s monetary policy committee meeting comes in the wake of a surprise acceleration in South Africa’s annual inflation rate
Commentators are cautiously positive about the treasury’s decision to use the Gold and Foreign Exchange Contingency Reserve Account
The local currency could be in for more volatility as political push-and-pull raises uncertainty
After the release of the December inflation data, Investec chief economist Annabel Bishop said the Reserve Bank is likely to remain hawkish amid upside risks
This year will finally see interest rates fall. But whatever relief the Reserve Bank administers, it will have come too late for some
The GDP decline comes despite an improvement in energy generation during the quarter, suggesting logistical constraints and interest rates are choking the economy
Despite inflation coming within a hair’s breadth of 6%, there is still reason to believe that the central bank will hold interest rates this week
Forensic investigator raises the alarm over the decision to hold an in-camera inquiry into the swindle in which investors lost billions and calls for the minister of finance to intervene
The bank is terminating its relationship with the financial intermediary which is now directing clients to a business that has a director in common with BHI Trust’s administrator
Most citizens choose not to burn schools, houses and roads or loot in protest, even as they starve
Inflation accelerated to 4.8% year-on-year in August, up from 4.7% in July, according to data from Statistics South Africa
The improvement in confidence was helped by the change in attitude of affluent consumers, who were spooked by severe load-shedding and the Russian cargo ship debacle in the previous quarter
A boost to manufacturing and agriculture’s rebound has seen the country’s GDP expand 0.6% quarter-on-quarter
Interest rates will probably remain much higher than their pre-pandemic average, as the Reserve Bank guards against ongoing inflation risks
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
The Reserve Bank has already lifted rates 10 times since November 2021
The country’s economy expanded 0.4% in the first quarter, but analysts warn not to expect growth or recovery anytime soon
The rand strengthened ahead of Wednesday’s inflation data, but it still held above R19 against the dollar
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
During her opening address at Africa’s Travel Indaba, the minister emphasised the need for implementation to revive the industry
The report shows the production of food and beverages was the biggest contributor to the decrease in factory output
Later this month the South African Reserve Bank will decide how big a rise the country’s flailing economy can take
According to Statistics South Africa’s report, the largest increase in employment over the quarter stemmed from the Western Cape at 6.9%
The finance minister’s commitment to toeing the line may send positive signals to ratings agencies, but at what cost?
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 Tomorrows/Today exhibition includes tapestries by Talia Ramkilawan, sculptures by Githan Coopoo and Joanna Choumali’s embroidered images
The government has shown that it is willing to explore introducing a basic income grant, which would mark a big step towards achieving growth
The country’s energy crisis stands to shave two percentage points off growth in 2023