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South Africa’s economy expanded by 0.8% during the second quarter of 2025, following a marginal increase of 0.1% during the first quarter.

Competition Competition has no evidence of rand manipulation, banks say

The commission says the case highlights the difficulty of prosecuting global and domestic cartels that exploit legal loopholes to delay proceedings

Economists widely expect the South African Reserve Bank’s monetary policy committee to once again hold the interest rate at 8.25% when it concludes its meeting on Thursday.

Reserve Bank may have helped South Africa avoid a more severe crunch

This is according to some economists, who say the Reserve Bank got ahead of the curve before inflation became entrenched

Lesetja Kganyago, governor of South Africa’s central bank. (Waldo Swiegers/Bloomberg via Getty Images)

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

Unemployment epidemic: These men, gathered together to wait for the possibility of a piece job, are some of the 34.9% of South Africans who are without work, the highest figure among 82 countries monitored by business news agency Bloomberg.  (Delwyn Verasamy/M&G)

South Africa’s recovery lags behind emerging market peers Mexico, India

The economy grew for the fourth consecutive quarter, but the country is playing catch-up to its peers

Stats SA noted in its GDP release that there was increased production reported for platinum group metals, which have experienced a massive uptick in demand amid the commodity cycle. (Oupa Nkosi/M&G)

GDP stats: Economy grows, but not enough to secure jobs and long-term recovery

GDP rose 1.2% in the second quarter, but future growth indicators will likely be hit by July’s looting and unrest, as well as a dip in commodity prices

Bank governor Lesetja Kganyago noted that high levels of economic uncertainty persist, as Russia’s continues to wage war on Ukraine. (Moeletsi Mabe/Gallo)

Treasury mulls lower inflation target

Reserve Bank governor Lesetja Kganyago makes a case for a lower target, though the trade union federation prefers job creation

A Secret Service officer maintains watch during the partial government shutdown at the White House. (Joshua Roberts/Reuters)

US bank execs warn government shutdown adds to economic risks

​Bank executives have warned that weakening sentiment amid a lengthening US government shutdown could economic kill growth

Wa Lone and Kyaw Soe Oo had been investigating the September 2017 killings of 10 Rohingya Muslims in conflict-scarred Rakhine state. (Reuters)

Nigeria orders MTN to refund $8.13bn

This sanction is the latest to hit MTN since it began operations in Nigeria 17 years ago

More money in pocket as cost of living falls

Competition commission resolute in bank collusion hearings

Despite sustained attacks from banks in the forex hearings, the Competition Commission remains confident of its case

(Graphic: John McCann/M&G)

Forex hearings: Competition Commission accused of being ‘vexatious and unreasonable’

After numerous pre-hearings, the matter is finally being heard, well over a year after the Competition Commission referred the case to the tribunal

President Cyril Ramaphosa’s economic stimulus package shows that he and his political allies are in charge of economic policy. (Delwyn Verasamy/M&G)

How will Ramaphosa deal with the public sector wage fight?

The salaries of public servants will test the president’s resolve in finding a solution to the government’s spending problem

Citibank admitted that it had manipulated foreign exchange trades between September 2007 and October 2013.

Competition Tribunal agrees to Citibank R70m settlement for its role in forex cartel

​The bank is the first of 18 banks accused of involvement in a foreign exchange cartel to reach an agreement with the tribunal.

It’s class apartheid, stupid

Official data tell us that class apartheid, born in April 1994 with features that include durable racism and patriarchy, is now a malevolent juvenile delinquent.As with racial…

T5 chaos to cost BA up to £25-million

Baggage handling chaos at London Heathrow’s new Terminal Five (T5) is likely to cost British Airways up to £25-million (,7-million), analysts at Citibank said on Monday. Nearly…

Wall Street cringes as Citigroup revives fears

Fear and mistrust gripped Wall Street on Monday after Citigroup’s CEO quit in the wake of mounting credit losses and an influential money manager called the subprime mortgage…