Economists incorrectly predicted a slight uptick in GDP
Economists say the government can expect to incur inflationary and exchange rate costs from the move
Amid directionless policy after 30 years of democracy, the country’s prospects continue to be driven by the whims of miners and their financiers
But the cinema group’s chief executive insists that the show will go on as load-shedding abates
Today’s monetary policy committee meeting comes in the wake of a surprise acceleration in South Africa’s annual inflation rate
According to economists, the country’s fourth-quarter GDP numbers will have been buoyed by a winding down of power outages
The local currency could be in for more volatility as political push-and-pull raises uncertainty
Despite inflation coming within a hair’s breadth of 6%, there is still reason to believe that the central bank will hold interest rates this week
However, inflation will probably remain elevated into next year
Ten years after its adoption, the government has failed to achieve the targets set out in the National Development Plan. Looming spending cuts will render the NDP even more futile
Retail trade sales decreased for the eighth consecutive month showing that consumers are still cash-strapped
Inflation accelerated to 4.8% year-on-year in August, up from 4.7% in July, according to data from Statistics South Africa
With interest rates at a 14-year high, many South Africans have depleted their emergency savings
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…
A boost to manufacturing and agriculture’s rebound has seen the country’s GDP expand 0.6% quarter-on-quarter
To realise sustainable growth, the economic superpower must change tack, and South Africa must be ready to adjust
Mining windfall helped SA’s financial position, but lower revenues and additional spending will delay the end of fiscal consolidation
The Reserve Bank has already lifted rates 10 times since November 2021
Financial conditions are tight but demand for credit has remained robust in the face of interest rate hikes
The country’s economy expanded 0.4% in the first quarter, but analysts warn not to expect growth or recovery anytime soon
