Nicky Weimar
latest news & developments
Petrol price reprieve for South Africa for the third month in a row
Although the average price of Brent crude oil price increased during the period under review, this was offset by a stronger rand against the US dollar
Repo rate falls to 3.5% — its lowest since 1998
Repo rate drops to 3.5% as Reserve Bank predicts a 7.3% contraction in South Africa’s GDP
‘SA in for period of much slower growth’
South Africa’s economic growth rate slowed to 0,2% in the third quarter of 2008, official data showed on Tuesday.
Mboweni delivers the bad news
South African Reserve Bank Governor Tito Mboweni has raised the repo rate, at which the South African Reserve Bank lends money to banks, by 50 basis points to 11,5% following a…
Inflation jumps to 9,4% in February
The increase in South Africa’s consumer price index excluding mortgage rate changes (CPIX) for metro and other areas, which is used by the South African Reserve Bank for its…
Power crisis likely to wipe out surplus
The goal posts for Finance Minister Trevor Manuel’s spending plans in Wednesday’s national budget were carefully placed last October when he revealed his medium-term expenditure…
SA inflation jumps, backs rate rise
South African consumer inflation raced further away from the central bank’s band in November, backing the case for another interest rate rise, despite a slowdown in retail sales.…
‘Ugly’ CPIX strengthens case for rate hike
South Africa’s targeted CPIX inflation rate quickened to 7,9% year-on-year in November from 7,3% in October, official data showed on Wednesday. Statistics South Africa also said…
Interest rate climbs again
South African Reserve Bank Governor Tito Mboweni on Thursday raised the repo rate by 50 basis points following a two-day meeting of the bank’s monetary policy committee. The…
September trade deficit lower at R4,3-billion
South Africa recorded a trade deficit of R4,3-billion in September, compared to August’s R9,1-billion shortfall, the South African Revenue Service said on Wednesday. Economists…