News in South Africa 24th May: 1. Grocery costs spike: South Africans are cutting down on groceries amidst challenging economic conditions. Stats SA will publish the latest Consumer Price Inflation numbers on Wednesday (24 May), with economists anticipating a slight drop to 6.9% from 7.1% in March. Inflation has remained sticky at elevated levels, sitting […]
News in South Africa 17th November: 1. Technical recession avoided: South Africa’s economy is likely to have averted a technical recession in the third quarter despite record power outages, key data indicates. Better-than-expected mining and manufacturing output are set to outweigh relatively soft retail sales data, suggesting Africa’s most industrialized economy returned to growth in […]
News in South Africa 26th October: 1. Mid-term budget on Wednesday: Mboweni will present the government’s revised spending framework for the next three years on Wednesday, four months after a supplementary budget that was unveiled to reallocate funds to help pay for a R500 billion stimulus package announced by President Cyril Ramaphosa. Finance Minister Tito […]
