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
Inflation accelerated to 4.8% year-on-year in August, up from 4.7% in July, according to data from Statistics South Africa
With interest rates at a 14-year high, many South Africans have depleted their emergency savings
The central bank’s conclusion that the president did not have an obligation to report forex paid to, and stolen from, his Phala Phala farm was irrational, it argues in court papers
A boost to manufacturing and agriculture’s rebound has seen the country’s GDP expand 0.6% quarter-on-quarter
Newsrooms, like many workplaces around the country, are struggling — and we need to pay attention
The Reserve Bank governor said lower inflation gives central banks more room to respond to economic shocks
Head of treasury’s budget office Edgar Sishi said fiscal consolidation will have to be extended by at least another two years
As emerging markets struggle to claw back growth, rising geo-economic fragmentation is expected to make conditions even tougher
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
Nor could it release the report, because this would see it breach its founding Act, the central bank governor told MPs
Interest rates will probably remain much higher than their pre-pandemic average, as the Reserve Bank guards against ongoing inflation risks
The inflation rate eased to 4.7%, the lowest since August 2021
The president did not violate any exchange control regulations, the central bank has found after a lengthy investigation
Mining windfall helped SA’s financial position, but lower revenues and additional spending will delay the end of fiscal consolidation
Chile and Brazil are leading the pack with their recent interest rate cuts but South Africa is on its own timeline
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 retailer has struggled amid more intense competition and as consumers continue to feel the pinch
Sticky inflation in major economies suggests that average interest rates will remain high and upside risks to the domestic inflation outlook remain
The slowdown will probably influence the central bank’s decision on interest rates
The Reserve Bank has already lifted rates 10 times since November 2021
The central bank told the court that Berdine Odendaal had a repudiated an agreement to be given access to frozen funds by demanding more
A higher cost of borrowing is generally good for bank profit margins – until it isn’t
Financial conditions are tight but demand for credit has remained robust in the face of interest rate hikes
Reporters have an all too familiar relationship with crisis. But our desire to get by must not stop us from seeking out change
The headline rate eased to 6.3% year-on-year in May, down from 6.8%
There are no capitalist witches controlling policymakers to keep people poor. Politicians are responsible for a stuck economy
The country’s economy expanded 0.4% in the first quarter, but analysts warn not to expect growth or recovery anytime soon
The Reserve Bank governor had to defend interest rate hikes against criticism that they will do little to temper sticky inflation
The Reserve Bank has warned that sanctions will be ‘catastrophic’ to the economy, which is currently vulnerable to geopolitical shocks
Steps have been taken to control money flow in the event of a temporary grid collapse