The country’s economy expanded 0.4% in the first quarter, but analysts warn not to expect growth or recovery anytime soon
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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
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Steps have been taken to control money flow in the event of a temporary grid collapse
Whatever hope was ignited among investors by the idea of a Ramaphosa presidency has mostly been snuffed out
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Tighter financial conditions will hurt an economy already brought to its knees by the government
Reserve Bank governor Lesetja Kganyago underlined the need for short-term pain in the interest of long-term gain
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
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The currency, which is usually a bellwether for other emerging markets, has diverged from global trends – thanks in large part to
the energy crisis
In a five-year review of take-home pay, BankservAfrica found that the average salary has not kept pace with inflation
For now, South Africa is reluctant to relinquish him to stand trial in Germany for the corporate fraud that nearly imploded ‘Africa’s Ikea’
Used vehicle prices soared amid supply-chain constraints, creating a boom that some experts have speculated may be about to go bust
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Governor Lesetja Kganyago underlined the deleterious effect of inflation, which the monetary policy committee has revised higher, on the pockets of the poor
It is easy to become fixated on growth, even when it holds little promise of a better life for all — and has fed the climate crisis
A European ‘investor’ was meant to have made an initial transfer of R12 billion into the board’s South African Reserve Bank account
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The majority had made a decision and that was how democracy worked, the deputy president told the National Assembly
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Analysts expected inflation to continue on a downward trajectory in February after falling to 6.9% in January; instead, it reached 7%
Anxiety about governance failures stands to limit our options, just when we need an alternative direction the most
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As consumers and businesses reel from tough conditions, insurers have expressed uncertainty over whether there is room for growth
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In a discussion with Reserve Bank head Lesetja Kganyago, economic historian Adam Tooze challenged the esteemed central banker’s ‘conservatism’
Later this month the South African Reserve Bank will decide how big a rise the country’s flailing economy can take
New interbank payment programme PayShap will benefit consumers and small businesses, helping to reduce reliance on cash and boosting safety and convenience
The government is walking a tightrope as civil servants embark on industrial action over pay
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Data released this week gave credence to the view that South Africa may be headed for another technical recession
Decline in the country’s GDP – largely due to record-levels of load-shedding – puts the size of the economy back below pre-pandemic levels
Former public protector says intelligence agency opened documents couriered to her by the department of international relations
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The National Prosecuting Authority is ready to act on state capture crimes but whether it has the ability to do so has been questioned
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The finance minister’s commitment to toeing the line may send positive signals to ratings agencies, but at what cost?
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The debt relief amounts to almost as much as the power utility has received in bailouts since 2008
The utility’s R400 billion debt has fed into the country’s 15-year energy crisis and low growth potential, which has been identified as a key credit weakness
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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
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