Five Newsworthy Things in SA 26th July 2023:

News in South Africa 26th July: 1. Food price relief: South Africa’s food inflation should continue to decline, despite new risks facing agriculture in South Africa. According to Stats SA, Consumer Price Inflation (CPI) cooled from 6.3% in May to 5.4% in June – the lowest reading since 5.0% in October 2021. Crucially, annual inflation […]

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Five Newsworthy Things in SA 25th July 2023:

News in South Africa 25th July: 1. Rand makes a comeback: The rand is looking set for a tough week ahead, with US rate hikes likely to weaken the local currency. The rand has been one of the worst-performing major currencies in the world and reached a record high of nearly $20.00/$ in May. The […]

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Five Newsworthy Things in SA 24th July 2023:

News in South Africa 24th July: 1. Good week tainted by 2 industries: South Africa had a great week on the economic front last week, with Stats SA reporting a significant drop in inflation, the Reserve Bank holding on interest rates and the rand ending stronger against the dollar. However, economists at the Bureau for […]

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Five Newsworthy Things in SA 21st July 2023:

News in South Africa 21st July: 1. Financial stress climbing: A survey of more than 35 000 people has revealed that 55% spend more than 40% of their take-home pay on debt repayments, while 37% say more than half their available income goes straight to servicing debt. Nearly 80% of respondents say that they “experience […]

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Five Newsworthy Things in SA 20th July 2023:

News in South Africa 20th July: 1. Division over interest rate hikes: Economists are divided over whether South Africa’s central bank will pause interest-rate increases on Thursday, or extend its longest phase of monetary tightening since 2006.  Deteriorating inflation expectations, currency risks and enhancements to the South African Reserve Bank’s quarterly projection model, used to […]

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Five Newsworthy Things in SA 19th July 2023:

News in South Africa 19th July: 1. EU carbon levy impact: The European Union’s plan to put a carbon levy on imported goods from outside the bloc is an attempt to shift the burden for climate action to developing countries and may contravene World Trade Organization rules, South Africa said. The so-called carbon border adjustment […]

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Five Newsworthy Things in SA 14th July 2023:

News in South Africa 14th July: 1. Rand breaks through R18/$: The rand broke through the psychologically important R18/$ level for the first time in just over three months on Thursday, boosted by positive US data, along with hopes that Chinese stimulus will offer support to commodity prices. The local currency reached R17.99/$ in mid-morning […]

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Five Newsworthy Things in SA 13th July 2023:

News in South Africa 13th July: 1. Stage 8 load shedding warning: South Africa’s sudden return to stage 6 load shedding after about a month of day-time suspensions of the rolling blackouts is not really a surprise, say energy experts – and the risk of things escalating remains a possibility. Eskom was forced to return […]

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Five Newsworthy Things in SA 5th July 2023:

News in South Africa 5th July: 1. Severe water shortage: Experts are warning of a looming water crisis on a scale worse than load-shedding in South Africa as criminal syndicates have begun targeting water infrastructure to score tenders.  Professor Anthony Turton from the Centre for Environmental Management at the University of the Free State warned […]

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Five Newsworthy Things in SA 4th July 2023:

News in South Africa 4th July: 1. Food supply under threat: PwC has warned that South Africa is at risk of heightened food insecurity with load-shedding, adverse weather, and deteriorating infrastructure disrupting the country’s food supply.  This is from the financial advisory firm’s South Africa Economic Outlook, released in June, where it discussed how businesses […]

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