News in South Africa 6th February: 1. Consumer relief on the horizon: Battered by low wage growth, high interest rates, and increasing debt levels, many South African consumers are in the worst financial shape they’ve been in for years, maybe even decades. The result is a persistently weak economy. This faltering economy, driven mostly by […]
News in South Africa 24th January: 1. SARB decision tomorrow: The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) is set to meet again this Thursday, 25 January, and most experts believe this meeting will be uneventful as the committee will keep the repo rate unchanged. Since the current interest rate hiking cycle started […]
News in South Africa 22nd September: 1. Global central banks high inflation credo: Central banks for the world’s biggest economies have served notice that they will keep interest rates as high as needed to tame inflation, even as two years of unprecedented global policy tightening reaches a peak. The so-called “higher for longer” mantra is […]
News in South Africa 31st August: 1. Rand falls after record budget deficit: The rand dropped, underperforming most emerging-market peers, and yields on South African local-currency bonds rose after data showed the government ran a record budget deficit in July. The rand weakened as much as 0.8% against the dollar after National Treasury figures showed […]
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 […]
News in South Africa 20th June: 1. Roads leading to food shortage: Farmers are being driven to desperation over the poor state of roads. Some are now maintaining roads themselves to get their produce to market. AgriSA says poorly maintained roads are just one of the many issues faced by local farmers. This results in […]
News in South Africa 21st July: 1. Inflation at 13 year high: The average rate of consumer price inflation (CPI) for South Africans hit 7.4%, StatsSA said on Wednesday, the highest seen in 13 years. But that was nothing compared to the increases in some prices, making for a much harder hit depending on your fondness […]
News in South Africa 24th June: 1. Gauteng infections and deaths climbing: Gauteng had 10,806 new cases of the coronavirus detected in the province in the previous 24 hours, the National Institute for Communicable Diseases (NICD) announced on Wednesday night, setting a new one-day provincial record. Six out of every ten cases detected were in Gauteng. But […]
