South Africa’s long-squeezed motorists might find fresh relief next month as recent datafrom the Central Energy Fund (CEF) data points to meaningful fuel price cuts in February —…
From Wednesday, 95-grade unleaded petrol will cost R21.59 per litre in Gauteng and R20.76 in coastal areas
The mineral and petroleum resources department attributed this to a lower average Brent crude oil price and firmer rand during the period under review
The department of mineral and petroleum resources cited a higher crude oil price and a weaker rand
Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range
As the 14 days to announce a coalition government commences, investors are nervous and the rand is flat
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023 This content is restricted to registered users and subscribers. Get Your…
Higher crude oil prices, US refinery shutdowns, global diesel shortages and a weaker rand among the factors blamed
The rand’s fall after the US’s Russian arms claims shows South Africa can’t risk taking a side
The currency, which is usually a bellwether for other emerging markets, has diverged from global trends – thanks in large part to the energy crisis
The top priority must be to take swift action to get off the greylist, restore SA’s reputation and regain the global community’s trust, party says
Ahead of travel season, Wednesday’s fuel price hike will push the price of petrol – around R19.50 a litre – to above R20 in Gauteng and other inland provinces
These key indicators have been buoyed by a trade surplus and commodities boom, but will this lead to economic growth?
Concerns over disruption in Iraq’s crude oil supplies have been abated and both a stronger rand and ruble have seen emerging markets advancing.
Shares in emerging markets dropped from a 13-month high as the rand softened and shares in China, India and Iraq slid.
If stimulus measures move over to the eurozone, it could spell a slight respite for South Africa’s beleaguered currency.
The second biggest platinum producer is reporting good earnings despite a wage strike entering its sixth week.
The currency has rebounded in anticipation of inflation data and higher than expected numbers could spell an end to the rand’s weakness.
The currency’s trade volume and volatility is keeping currency analysts on their toes.
