Inflation accelerated to 4.8% year-on-year in August, up from 4.7% in July, according to data from Statistics South Africa
The country is under pressure to meet the demands of an evolving job market
The improvement in confidence was helped by the change in attitude of affluent consumers, who were spooked by severe load-shedding and the Russian cargo ship debacle in the previous quarter
The inflation rate eased to 4.7%, the lowest since August 2021
About 1 000 women in KwaZulu-Natal’s Valley of a Thousand Hills, who have been affected by the ravages of HIV/Aids, will take part in the event
Despite the economy recovering to its pre-pandemic level, South Africa’s jobless rate is still higher than it was at the beginning of 2020
Electricity consumption dropped by 3.2% year-on-year in June, because of plant breakdowns and unscheduled maintenance
The slowdown will probably influence the central bank’s decision on interest rates
Production was dragged down mainly by diamonds and platinum-group metals
Investing in alternative energy results in the middle class cutting out luxuries to pay off debt
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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
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The first quarter growth has put the country’s GDP at just above its pre-pandemic level
The minister of mineral resources and energy, Gwede Mantashe, assured the mining community that he is still working towards reducing load-shedding
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The rand strengthened ahead of Wednesday’s inflation data, but it still held above R19 against the dollar
The largest negative contributors to the decrease were retailers in food, beverages, tobacco and general dealers
In a five-year review of take-home pay, BankservAfrica found that the average salary has not kept pace with inflation
There are now 7.9 million people without jobs in South Africa, up from 7.8 million last quarter
The minister was speaking at Africa’s Travel Indaba, days after the acting chief executive of the country’s official national marketing agency resigned
During her opening address at Africa’s Travel Indaba, the minister emphasised the need for implementation to revive the industry
The electricity that was generated in March this year decreased more than 5% compared to March 2022
Production was dragged down mainly by coal and diamonds and the industry also produced less copper, nickel, manganese and chromium ore
The fugitive’s escape from jail shines the light on 146 people wanted for rape and murder
Eskom has implemented rolling blackouts to ease pressure on the national grid as its generating units struggle to keep up with demand
The shelves in grocery stores have become more forbidding since the pandemic, but economists believe that there is some hope on the horizon
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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%
As consumers and businesses reel from tough conditions, insurers have expressed uncertainty over whether there is room for growth
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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
According to Statistics South Africa’s report, the largest increase in employment over the quarter stemmed from the Western Cape at 6.9%
But jobless levels are still above those prior to the Covid-19 pandemic, which saw 2.2 million people lose employment
Telkom plans to retrench 15% of its employees across the group as the sector rebalances after the online boom during the pandemic
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