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Middle East crisis: Why aren’t oil prices much higher?
Business
/ 26 January 2024

Middle East crisis: Why aren’t oil prices much higher?

Lower prices are good insofar as inflation is concerned but they suggest that economic troubles lie ahead

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Hawkish Reserve Bank sees South Africa edge towards a rates hike
Business
/ 21 October 2021

Hawkish Reserve Bank sees South Africa edge towards a rates hike

Analysts say the Reserve Bank could start tightening monetary policy as early as next month

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Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.

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Article
/ 29 May 2008

PPI jumps, points to possible big rate rise

South Africa’s producer price inflation (PPI) accelerated unexpectedly to 12,4% year-on-year in April, increasing the possibility of a bigger than previously expected interest-rate hike in June. Statistics South Africa said on Thursday headline PPI — which represents domestic output — accelerated from an upwardly revised 11,9% in March.

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Article
/ 28 February 2008

Inflation surge boosts rate-hike chances

South Africa’s consumer inflation, which jumped unexpectedly in January, raised the risk of further monetary tightening despite worries over slowing economic growth. Statistics South Africa said on Wednesday that targeted CPIX (consumer inflation less mortgage costs) stood at 8,8% year-on-year in January compared with 8,6% in December.

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Article
/ 26 February 2008

South Africa records strong growth for 2007

South Africa’s economic growth jumped unexpectedly in the fourth quarter of 2007, keeping expansion for the year near a two-decade record at 5,1% as buoyant corporates outweighed slower consumer spending. Africa’s biggest economy has remained resilient despite higher interest rates, although growth is likely to slow in 2008.

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Article
/ 31 January 2008

Govt: No investment threat from power cuts

South Africa’s crippling power crisis will not put off investors nor limit its ability to stage the 2010 Soccer World Cup, Public Enterprises Minister Alec Erwin said on Wednesday. Rolling power cuts have plagued homes, businesses and the mining industry in South Africa for weeks and are likely to continue for about five years, according to state power utility Eskom.

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Article
/ 11 January 2008

Kenya opposition to resume mass action

Kenya’s opposition said on Friday it planned to restart protests across the East African nation against President Mwai Kibaki’s disputed re-election after the failure of African Union mediation. Kibaki’s government has made clear it will not tolerate opposition marches. Previous protests have led to bloody clashes between opposition supporters and security forces.

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Article
/ 2 January 2008

Fears that Kenya chaos could halt economic boom

The bitter dispute over the Kenyan presidency could have long-lasting economic repercussions, observers warn, fearing that financial turmoil could quickly derail an, until now, booming economy. Considered an investor-friendly haven of relative stability on its way to becoming an ”African Tiger”, Kenya is experiencing its worst political unrest in 25 years.

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Article
/ 19 December 2007

SA inflation jumps, backs rate rise

South African consumer inflation raced further away from the central bank’s band in November, backing the case for another interest rate rise, despite a slowdown in retail sales. The targeted CPIX gauge — which strips out mortgage costs — jumped to 7,9% year-on-year from 7,3% in October.

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Article
/ 5 December 2007

ANC race stirs economic concerns

South Africa’s economic boom looks set to persist but concerns linger over the direction of policy after the crucial African National Congress (ANC) conference, which seems likely to choose Jacob Zuma as the ruling party’s new leader. Economic growth jumped to 5,4% in 2006 — its fastest rate since 1981 — and wealth is spreading to a burgeoning black middle class.

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Article
/ 23 November 2007

Dollar hits fresh record low against euro

The dollar hit a new record low against the euro on Friday in a market worried over lower forecasts for United States growth, dealers said. Europe’s single currency struck a new record peak of ,4922 in morning Asian trade, up from the previous record of ,4875 reached on Thursday. The unit was created in 1999.

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Article
/ 19 October 2007

Northern Rock chairperson to resign

Britain’s Northern Rock on Friday announced the resignation of chairperson Matt Ridley following a turbulent period at the crisis-hit bank. He will be succeeded by Bryan Sanderson, a former chairperson at British-based emerging markets bank Standard Chartered and healthcare firm Bupa, the company said in a statement.

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