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While a higher inflation rate may otherwise inspire increased hawkishness in the South African Reserve Bank’s monetary policy committee — which meets this week — analysts expect that the repo rate will be kept on hold again. (Delwyn Verasamy/M&G)
BUREAU FOR ECONOMIC RESEARCH

Reserve Bank will stay tough, even as inflation softens

Borrowers face another 75 basis point repo rate hike this week, as inflation looks to stay uncomfortably high

  • Sarah Smit
5 min read
Growth was supported by increases in eight of 10 key industries, with major contributions coming from mining, manufacturing, trade and agriculture, while declines were reported in the transport and construction sectors. (David Harrison)
CHEMICAL PRODUCTS

July manufacturing output hit by Covid-19 third wave and unrest

In mid-July, supply chains and industrial output were disrupted when parts of the country were rocked by looting, triggered by protests against Zuma’s incarceration

  • Anathi Madubela
2 min read
According to Statistics South Africa (Stats SA), the country’s economy grew at an annualised rate of 66.1% in the third quarter of 2020. Without annualising, the quarter-on-quarter seasonally adjusted growth rate was 13.5%.
BOUNCEBACK

South Africa records impressive economic recovery

The country’s economy grew at an annualised rate of 66.1%, marking the strongest pace of expansion since at least 1993

  • Sarah Smit
3 min read