Workers are in the throes of a cost of living crisis, which could force the government to fold on its hard line against more spending
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The government should rather consider a targeted approach to reducing inflation
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Stay vigilant and really understand what higher interest rates mean for you, says one expert
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Two of the monetary policy committee’s five members preferred an even more painful 100 basis point hike, as bank remains hawkish
Borrowers face another 75 basis point repo rate hike this week, as inflation looks to stay uncomfortably high
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Maybe an inflation mid-point target of 4.5% is too low for a developing country such as South Africa to allow higher levels of growth so desperately needed
Global dynamics and South Africa’s energy crisis will weigh on domestic growth for years to come. But green investment could, eventually, resuscitate the economy
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But her colleague told parliament he could not say whether the suspended public protector would rewrite findings produced by her office
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Lesetja Kganyago defended the bank’s inflation-targeting regime amid criticism that it will do little to cushion consumers against external shocks
With high prices continuing to bear down on consumers the world over, leaders who fail to bring inflation to heel could face a reckoning
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In a split decision, the bank’s monetary policy committee increased the repo rate, which affects the cost of borrowing, by 75 basis points
Consumer inflation surged again, after piercing the South African Reserve Bank’s ceiling for the first time in five years
The senior counsel suggested to MPs that everything a former employee of the public protector’s office said was a lie
Most respondents to a DebtBusters survey are anxious or uneasy about the state of their finances
The directive in the report that the mandate of the Reserve Bank be changed was dictated to the public protector by intelligence officials, a suspended employee testified
This is according to some economists, who say the Reserve Bank got ahead of the curve before inflation became entrenched
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Advocate Dali Mpofu, appearing for the suspended public protector, insists that the president wrongfully suspend her and this taints the parliamentary process that could lead to her impeachment
It could prove difficult for government to loosen its grip on the public purse, but economists say the current extraordinary circumstances require intervention
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Some of the conditions in which the July unrest occurred have abated but others, such as the spiralling cost of living, have worsened
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The higher producer prices come after consumer inflation also bucked consensus expectations
Inflation has breached the ceiling of the Reserve Bank’s target range for the first time in more than five years
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The financially stretched middle class is teetering on the brink as fuel and food prices gnaw at their disposable incomes
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The president faces investigations from SARS and the Reserve Bank on top of charges laid by former spy boss Arthur Fraser
High food and fuel prices have prompted trade unions to make bigger wage demands, which will exert upward pressure on longer-term inflation
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There is a lot bearing down on South African consumers and, without growth, the economy stands to decline
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Economic and financial conditions are expected to remain more volatile for the foreseeable future, says central bank
This week a spotlight is shone on a potential interest rate hike, inflation statistics and retail trade sales
The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression
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High prices have been more stubborn than previously expected, forcing monetary policymakers to react
Consumer price inflation increased to 5.9% in March, up from 5.7% in February
But the department’s already reduced ranks may make it difficult to find someone with the technical know-how and clout to replace Dondo Mogajane
Distributed ledger technology, most commonly used to trade and store cryptocurrencies, could have a massive impact on the traditional financial system
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