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South Africa's producer price index (PPI) rose by 11,8% year-on-year in March from 11,2% in February, Statistics South Africa data on Thursday showed. Dawie Roodt, economist at Efficient Group, commented: "I am afraid all these price increases from producers will start filtering to consumers."
Overwhelmingly positive or mediocre? Economists on Wednesday had a variety of impressions to share of Finance Minister Trevor Manuel's national budget, tabled in Parliament earlier in the day. Colen Garrow, economist at Brait, said: "There was nothing in it for the embattled consumer."
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 framework. However, political change and the dramatic change in economic outlook caused by the electricity crisis have set the posts whirling.
South Africa's producer price index (PPI) rose by 9,4% year-on-year (y/y) in September, unchanged from August, Statistics South Africa data on Thursday showed. The PPI declined 0,7% on a monthly basis after August's monthly increase of 0,7%. PPI was at 9% y/y a year ago.
Calling this ‘the gravest crisis in the history of our democracy’, the president said level three lockdown remains, but enforcement will be strengthened
The president's address comes after a number of meetings with Cabinet and the National Command Council
The city argues that it is not carrying out evictions, but is acting against land invasions
An entrepreneurial, business-minded, impact-driven individual is sought to lead the organisation as it looks to scale and grow
Balwin Properties’ Edge registration of over 16 000 units was a global first, covering more homes than any single property developer in the world to date
The combination of limited access to quality soap and a lack of knowledge of how to properly wash hands is a challenge in many vulnerable communities
SAICA calls for a review of the mandatory minimum skills and qualifications required for all key financial management positions within the public sector