South African Reserve Bank raises interest rate to 7%, warning that oil shocks, food inflation and global instability could drive prices higher
Many of them buy for control over their own lives and protection rather than prestige. That’s worrying
Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say
April’s slight uptick suggests that the Reserve Bank will keep the benchmark repo rate at 7.5% next week
The South African Reserve Bank is unlikely to cut interest rates next month, because of inflationary pressures that lie ahead
The South African Reserve Bank has warned of an upside risk to the inflation outlook
This was despite the central bank highlighting upside risks to the inflation outlook
A third consecutive interest rate cut will help stimulate the economy, but the central bank will also be cautious about inflation pressures
The country’s ports and rail systems are shambolic, but GNU and a pause in load-shedding have elicited some optimism
Consumers should spend cautiously, despite the positive outlook for the year
Prices have increased by over 30%, favouring gold-producing countries like South Africa, but structural issues are dampening opportunities This content is restricted to…
This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band
Consumers are spending more than 40% of their disposable income on repaying debt, survey shows
Statistics South Africa data released on Wednesday showed that the CPI annual rate was 5.1% in June compared with 5.2% in May This content is restricted to registered users and…
Governor Lesetja Kganyago said the central bank would wait for the inflation rate to fall within its 3% to 6% target before it makes a cut
Still-sticky inflation could further delay long-awaited interest rate cuts
Delivering the unanimous decision, central bank governor Lesetja Kganyago cited a still uncertain global outlook This content is restricted to registered users and subscribers.…
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
Some strategies for financial resilience
The uncertainty created by the possibility of a coalition government is putting people off big-price buys
