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Reserve Bank governor Lesetja Kganyago announced on Thursday that the monetary policy committee had increased the repo rate by 25 basis points to 7%, effective from 29 May.

Reserve Bank hikes interest rate for first time since 2023 as oil shock, inflation risks mount

South African Reserve Bank raises interest rate to 7%, warning that oil shocks, food inflation and global instability could drive prices higher

President Cyril Ramaphosa delivers a keynote address at the 2026 Freedom Day National Commemoration held at Dr Rantlai Molemela Stadium in Bloemfontein, Free State Province, marking the 32nd anniversary of South Africa’s first democratic elections held on 27 April 1994. (GCIS)

Ramaphosa calls for ‘real change’ as SA marks 32 years of democracy

President Cyril Ramaphosa says South Africa’s democracy must be measured by its ability to deliver real, material improvements in people’s lives

In need of work opportunities: Job seekers gathered outside a store in Tswelopele, Tembisa, to apply for
employment. Photo: Twitter / X

SA marks 32 years of democracy amid deep inequality and joblessness

South Africa’s 32nd Freedom Day highlights both democratic gains and ongoing struggles with inequality, unemployment and poverty

Crystal Huntley, Nedbank Economist

The future of the forecourt is not fuel-led – diversify or decline: Nedbank

South Africa’s forecourt sector is facing pressure as declining fuel demand, rising costs, and intensifying competition reshape the industry. Insights from the latest Forecourt…

Collaborative governance: The government of national unity had promised stability and accelerated reform. Photo: @PresidencyZA/X

The hits and misses under the GNU

A year after the president’s first State of the Nation address as the leader of a coalition government, performance has been good and bad

Isuzu Motors South Africa chief executive chief executive Billy Tom. (Isuzu)

High tariffs stifle Africa’s trade potential, warns Isuzu CEO

Isuzu Motors South Africa says high tariffs and cross-border costs make intra-African trade more expensive than exports beyond the continent, urging faster implementation of the…

The prices of petrol, diesel and illuminating paraffin will fall by as much as 65 cents a litre from Wednesday

Fuel prices to drop by up to 65 cents a litre from Wednesday

The department of mineral and petroleum resources cited a stronger rand and lower international refined product costs

Free media is battling to survive in the face of unprecedented repression, AI-driven disinformation and severe revenue declines intensified by the dominance of Big Tech. Photo: File

World’s top economists urge action to protect the media

As world leaders convene for the High-Level Week of the UN General Assembly in New York, 11 of the world’s leading economists urge the recognition and upholding of the economic…

Residents, community organisations and civil society groups across Johannesburg have united to demand urgent action to end the city’s deepening water crisis. (Delwyn Verasamy/M&G)

Is South Africa ready for a green hydrogen economy?

Water scarcity is the most pressing problem in developing a green hydrogen economy

The poor state of the economy and high unemployment , particularly among the youth, could create fertile ground for mass discontent. Photo: File

Is South Africa sleepwalking towards prolonged violent upheaval?

There may not be an imminent threat of violence but we need to stabilise the course the country is on to prevent it in the future

Dialogue vs delivery: Many have criticised the National Dialogue as yet another ‘talk shop’ much like the Zondo state capture commission and the Truth and Reconciliation Commission (above). Photo: File

Hijacked: National Dialogue faces a credibility crisis

The DA claims it was proven right to boycott the dialogue after Deputy President Paul Mashatile instructed ministers to attend the convention virtually

The Darling Wind Farm in the Western Cape. Alternative sources of energy is increasingly being used. Photo: David Harrison

Why partnerships will power South African green energy transition

South Africa was forced into the energy transition by the electricity crisis, sparking a wave of private investment in renewables

Reindustrialisation, as well as diversified trade partners and dismantled apartheid spatial patterns, will get South Africa out of its socioeconomic mess. Photo: File

Here’s how South Africa can avoid the economic dependency path

It can rebuild the industrial base, create demand in the economy, diversify trade partnerships and deepen links with the continent’s regional trade networks, and, finally,…

Japan went through a process of transforming from a country with a weak agricultural base to the success that it is today. Photo: File

Africa-Japan: Reflections on Tokyo International Conference on African Development

Africa can take a leaf out of Japan’s book: power need not be a zero sum game; economic modernisation focused on diversification, domestication and indigenising modernity; to…

The famous Basotho hat building along Kingsway Road in central Maseru. Photo: Sechaba Mokhethi

Lesotho at risk of economic collapse after aid cuts and Trump’s tariffs

African Development Bank warns that economic growth could drop to 0.5% next year

Neglecting existing infrastructure generates higher long-term costs.

South Africa must revive its industrial ambitions

Black economic empowerment has been transformative but it needs to be revisited to broaden its pool of beneficiaries

There has been progress since 1994. South Africa now has a black middle and upper middle class but the means of production remain largely owned by white people and black people swelling the ranks of labour. Photo: Mujahid Saofodien/AFP)

A future without broad-based BEE and affirmative action is not possible

‘The new economic dispensation should match the aspiration for economic freedom and the fulfilment of the highest ideals of our democracy.’

The South African Reserve Bank is likely to hold interest rates unchanged

Reserve Bank likely to leave interest rates unchanged on Thursday

Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say

Consumer inflation edged higher to April to 2.8% year-on-year from 2.7% in March, driven mainly by the housing and utilities as well as the alcoholic beverages and tobacco categories, Statistics South Africa said on Wednesday.

April consumer inflation edges higher to 2.8% year-on-year

April’s slight uptick suggests that the Reserve Bank will keep the benchmark repo rate at 7.5% next week

Consumer inflation edged higher to April to 2.8% year-on-year from 2.7% in March, driven mainly by the housing and utilities as well as the alcoholic beverages and tobacco categories, Statistics South Africa said on Wednesday.

Inflation eases to 2.7% year-on-year in March

The South African Reserve Bank is unlikely to cut interest rates next month, because of inflationary pressures that lie ahead