Rand reels amid rates reckoning, braces for election turmoil
/ 26 January 2024

Rand reels amid rates reckoning, braces for election turmoil

The local currency could be in for more volatility as political push-and-pull raises uncertainty

This content is restricted to subscribers only.

Join the M&G Community

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.

Subscription enables:

  • – M&G community membership
  • – independent journalism
  • – access to all premium articles & features
  • – a digital version of the weekly newspaper
  • – invites to subscriber-only events
  • – the opportunity to test new online features first

Already a subscriber?
.

Emerging markets unwinding? Not just yet
/ 11 August 2023

Emerging markets unwinding? Not just yet

Chile and Brazil are leading the pack with their recent interest rate cuts but South Africa is on its own timeline

This content is restricted to subscribers only.

Join the M&G Community

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.

Subscription enables:

  • – M&G community membership
  • – independent journalism
  • – access to all premium articles & features
  • – a digital version of the weekly newspaper
  • – invites to subscriber-only events
  • – the opportunity to test new online features first

Already a subscriber?
.

Another interest rate hike likely but should be the last for a while
/ 18 July 2023

Another interest rate hike likely but should be the last for a while

The Reserve Bank has already lifted rates 10 times since November 2021

This content is restricted to subscribers only.

Join the M&G Community

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.

Subscription enables:

  • – M&G community membership
  • – independent journalism
  • – access to all premium articles & features
  • – a digital version of the weekly newspaper
  • – invites to subscriber-only events
  • – the opportunity to test new online features first

Already a subscriber?
.

Reserve Bank left toothless amid Eskom-induced stagflation
/ 23 May 2023

Reserve Bank left toothless amid Eskom-induced stagflation

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

This content is restricted to subscribers only.

Join the M&G Community

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.

Subscription enables:

  • – M&G community membership
  • – independent journalism
  • – access to all premium articles & features
  • – a digital version of the weekly newspaper
  • – invites to subscriber-only events
  • – the opportunity to test new online features first

Already a subscriber?
.

From Russia, with love: How a war changed the global economy
/ 16 February 2023

From Russia, with love: How a war changed the global economy

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

This content is restricted to subscribers only.

Join the M&G Community

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.

Subscription enables:

  • – M&G community membership
  • – independent journalism
  • – access to all premium articles & features
  • – a digital version of the weekly newspaper
  • – invites to subscriber-only events
  • – the opportunity to test new online features first

Already a subscriber?
.

At 6.5%, inflation seals another ‘aggressive’ interest rate hike
/ 22 June 2022

At 6.5%, inflation seals another ‘aggressive’ interest rate hike

Inflation has breached the ceiling of the Reserve Bank’s target range for the first time in more than five years

This content is restricted to subscribers only.

Join the M&G Community

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.

Subscription enables:

  • – M&G community membership
  • – independent journalism
  • – access to all premium articles & features
  • – a digital version of the weekly newspaper
  • – invites to subscriber-only events
  • – the opportunity to test new online features first

Already a subscriber?
.

South Africa on weak footing amid global recession fears
/ 22 June 2022

South Africa on weak footing amid global recession fears

A deep downturn is unlikely, analysts say. But, if it does happen, another recession will be even more difficult to recover from

This content is restricted to subscribers only.

Join the M&G Community

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.

Subscription enables:

  • – M&G community membership
  • – independent journalism
  • – access to all premium articles & features
  • – a digital version of the weekly newspaper
  • – invites to subscriber-only events
  • – the opportunity to test new online features first

Already a subscriber?
.

No image available
/ 1 May 2008

Credit crunch may be half market estimates

The scale of losses and the economic fallout from the global credit crunch may not be as bad as feared and subprime losses could end up costing less than half market forecasts, the Bank of England said on Thursday. The central bank is still concerned about the consequences of the credit crisis but Deputy Governor John Gieve said conditions could stabilise soon.

No image available
/ 28 April 2008

Oil sets new record near $120

Oil hit a new record near a barrel on Monday, boosted by a string of bullish factors that include a United Kingdom refinery strike and disruptions to Nigeria’s output that highlight the market’s anxieties over threats to supply. Prices held firm below earlier highs, despite a rally in the US dollar versus the euro and yen.

No image available
/ 24 March 2008

Japan’s economy poised on knife-edge

Masaaki Shirakawa, the Bank of Japan’s acting governor, has warned that the country’s economy faces an uncertain future. It comes at the end of a week in which the Nikkei share index sank to its lowest level for almost three years. Shirakawa took up the post after Parliament failed to agree on a long-term appointment.

No image available
/ 19 March 2008

Fed’s rate decision buoys market

The JSE remained in the black by noon on Wednesday, with a trader explaining that the United States Federal Reserve’s rate cut was adding buoyancy to the market. "The Fed’s rate decision, which saw rates decline from 3% to 2,25%, is still adding buoyancy to the JSE," he said.

No image available
/ 17 March 2008

Fed move continues to weigh on JSE

An emergency move by the United States Federal Reserve to cut its discount rate has continued to weigh on markets, sending the JSE below the 30 000-level by midday on Monday. The Fed’s move to cut its discount rate, its lending rate to financial institutions, to 3,25% from 3,5%,

No image available
/ 17 March 2008

JP Morgan to buy Bear, Fed opens lending to Wall Street

JP Morgan Chase set a deal to buy stricken rival Bear Stearns for a rock-bottom price, while the United States Federal Reserve expanded lending to securities firms for the first time since the Great Depression to prop up the financial system. The shock news, the biggest sign yet of how devastating the credit crisis is for Wall Street, slammed the US dollar to a record low against the euro,

No image available
/ 15 March 2008

Credit-crunch woes claim fifth-biggest US bank

The global credit crunch claimed its biggest victim yet on Friday when the United States Federal Reserve orchestrated an emergency bail-out for Bear Stearns after a cash crisis prompted a run on the US’s fifth-biggest investment bank. President George Bush sought to calm fears of a deep recession in the world’s biggest economy.

No image available
/ 12 March 2008

JSE advances as banks cheer Fed

Banks and financials helped the JSE advance further by midday on Wednesday as they cheered the move by the United States Federal Reserve to raise liquidity in financial markets. At noon, the JSE’s broader all-share index had gained 1,35%. Financials collected 1,94%, while banks were up 1,67%.

No image available
/ 22 January 2008

Fed slashes US rates in bid to thwart recession

The United States Federal Reserve on Tuesday slashed a key interest rate by a hefty three-quarters of a percentage point, the biggest cut in more than 23 years, after a two-day global stocks rout sparked by fears of a US recession. ”The Fed is very, very, very worried,” said John Tierney, an analyst at Deutsche Bank.

No image available
/ 30 October 2007

JSE a tad higher ahead of Fed verdict

The JSE rose modestly at noon on Tuesday as investors became more optimistic that the United States Federal Reserve would cut interest rates, which would bolster Wall Street. Investors cheered the news that Tokyo Sexwale’s Mevelaphanda group plans to buy up to 30% of Johncom’s to-be-formed Opco.