The mineral and petroleum resources department attributed this to a lower average Brent crude oil price and firmer rand during the period under review
The department of mineral and petroleum resources cited a higher crude oil price and a weaker rand
Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range
As the 14 days to announce a coalition government commences, investors are nervous and the rand is flat
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023
Higher crude oil prices, US refinery shutdowns, global diesel shortages and a weaker rand among the factors blamed
The rand’s fall after the US’s Russian arms claims shows South Africa can’t risk taking a side
The currency, which is usually a bellwether for other emerging markets, has diverged from global trends – thanks in large part to
the energy crisis
The top priority must be to take swift action to get off the greylist, restore SA’s reputation and regain the global community’s trust, party says
Ahead of travel season, Wednesday’s fuel price hike will push the price of petrol – around R19.50 a litre – to above R20 in Gauteng and other inland provinces
These key indicators have been buoyed by a trade surplus and commodities boom, but will this lead to economic growth?
Concerns over disruption in Iraq’s crude oil supplies have been abated and both a stronger rand and ruble have seen emerging markets advancing.
Shares in emerging markets dropped from a 13-month high as the rand softened and shares in China, India and Iraq slid.
If stimulus measures move over to the eurozone, it could spell a slight respite for South Africa’s beleaguered currency.
ANALYSIS: A frail currency pushes up inflation and has no effect on productivity.
The second biggest platinum producer is reporting good earnings despite a wage strike entering its sixth week.
The currency has rebounded in anticipation of inflation data and higher than expected numbers could spell an end to the rand’s weakness.
The currency’s trade volume and volatility is keeping currency analysts on their toes.
America’s monthly jobs report and a slew of central bank meetings will dominate this week’s economic calendar.
It seems 2014 will be a tough year for consumers, and economists say one can only expect respite sometime in 2015.
Further tapering of monetary stimulus, announced by the US Federal Reserve, has seen the dollar climb while other currencies feel the pressure.
The finance minister says government is monitoring the currency but a rate hike has done little to stem the depreciation of the rand.
Economists say one of the biggest factors for the depreciating rand is that South Africans are living beyond their means.
South Africa’s economic indicators have been a mixed bag so far this year – some spell doom and gloom while others suggest a better year than last.
Tourists in South Africa are finding out that the exchange rate is in their favour.
US unemployment data may show enough recovery for the Federal Reserve to begin reducing monetary stimulus.
The rand has gained following a drop which appeared to have been overdone.
The rand has moved up and down by news of both Fed tapering and Fitch’s affirmation of the country’s credit rating.
Speculation over tapering of monetary stimulus in the US takes its toll on the rand again.
The rand dropped to 10.49 against the dollar on Wednesday.
The rand was volatile as it anticipated Tuesday’s release of data on the current-account deficit.